SECURITIES AND EXCHANGE COMMISSION
|
||
Washington, D.C. 20549
|
||
(Mark One)
|
||
FORM 11-K
|
||
x
|
ANNUAL REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the fiscal year ended December 31, 2010
|
||
OR
|
||
¨
|
TRANSITION REPORT PURSUANT TO SECTION 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
|
|
For the transition period from to
|
||
Commission File Number:1-8610
|
||
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
|
||
BELLSOUTH SAVINGS AND
SECURITY PLAN
|
||
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
|
||
AT&T INC.
|
||
208 S. Akard, Dallas, Texas 75202
|
Report of Independent Registered Public Accounting Firm
|
1
|
Financial Statements:
|
|
Statements of Net Assets Available for Benefits as of December 31, 2010 and 2009
|
2
|
Statement of Changes in Net Assets Available for Benefits for the
|
|
Year Ended December 31, 2010
|
3
|
Notes to Financial Statements
|
4
|
Supplemental Schedule:
|
|
Schedule H, Line 4(i) – Schedule of Assets (Held at End of Year) as of December 31, 2010
|
25
|
Exhibit:
|
|
23 – Consent of Independent Registered Public Accounting Firm
|
33
|
December 31,
|
||||||||
2010
|
2009
|
|||||||
ASSETS
|
||||||||
Investment in AT&T Savings Group Investment Trust
|
$ | 804,574 | $ | 796,295 | ||||
Investments, at fair value
|
1,488,384 | 1,358,010 | ||||||
Market value of securities on loan
|
- | 14,654 | ||||||
Securities lending collateral
|
- | 14,970 | ||||||
Total Investments, at fair value (See Note 4)
|
2,292,958 | 2,183,929 | ||||||
Notes receivable from participants
|
52,029 | 47,150 | ||||||
Participant contributions receivable
|
786 | - | ||||||
Employer contributions receivable
|
247 | - | ||||||
Interest receivable
|
882 | 722 | ||||||
Other receivable
|
- | 2,240 | ||||||
Total Receivables
|
53,944 | 50,112 | ||||||
Total Assets
|
2,346,902 | 2,234,041 | ||||||
LIABILITITES
|
||||||||
Administrative expenses payable
|
1,112 | 676 | ||||||
Due to broker for securities purchased
|
12,558 | - | ||||||
Securities lending collateral obligations
|
- | 14,970 | ||||||
Total Liabilities
|
13,670 | 15,646 | ||||||
Net assets reflecting investments at fair value
|
2,333,232 | 2,218,395 | ||||||
Adjustment from fair value to contract value for fully benefit- responsive investment contracts
|
(35,869 | ) | (15,353 | ) | ||||
Net Assets Available for Benefits
|
$ | 2,297,363 | $ | 2,203,042 | ||||
See Notes to Financial Statements.
|
Net Assets Available for Benefits, December 31, 2009
|
$ | 2,203,042 | ||
Additions to Net Assets:
|
||||
Contributions:
|
||||
Participant contributions
|
77,788 | |||
Employer contributions
|
28,808 | |||
Rollover contributions
|
25,154 | |||
131,750 | ||||
Investment Income:
|
||||
Net income from investment in AT&T Savings Group Investment Trust
|
26,545 | |||
Interest
|
3,861 | |||
Dividends
|
51,640 | |||
Net appreciation in fair value of investments
|
143,196 | |||
225,242 | ||||
Interest income on notes receivable from participants
|
2,573 | |||
Total Additions
|
359,565 | |||
Deductions from Net Assets:
|
||||
Distributions
|
263,575 | |||
Administrative expenses
|
1,669 | |||
Total Deductions
|
265,244 | |||
Net increase
|
94,321 | |||
Net Assets Available for Benefits, December 31, 2010
|
$ | 2,297,363 | ||
See Notes to Financial Statements.
|
1.
|
Plan Description – The BellSouth Savings and Security Plan (Plan) is a defined contribution plan originally established by BellSouth Corporation (BellSouth) to provide a convenient way for eligible nonmanagement employees of participating BellSouth companies to save on a regular and long-term basis. In December 2006, BellSouth was acquired by AT&T Inc. (AT&T or the Company). 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).
|
· AT&T Shares Fund
|
· DFA U.S. Small Cap Value II Fund
|
· Bond Fund
|
· DFA International Value II Fund
|
· Vanguard Growth Index Fund
|
· DFA U.S. Large Cap Value II Fund
|
· Fidelity Growth & Income Portfolio
|
· T. Rowe Price Mid-Cap Growth
|
· Balanced Fund
|
· AT&T Stable Value Fund*
|
· BGI Age-Based Asset Allocation Funds (based on retirement date)
|
· Indexed Stock Fund
|
2.
|
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.
|
3.
|
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:
|
Level 1
|
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.
|
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.
|
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.
|
|
Level 3
|
Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
|
4.
|
Investments –The Plan held investments in its own trust and in the Group Trust (through participation in the AT&T Stable Value Fund option only) as of December 31, 2010 and 2009, and for the year ended December 31, 2010.
|
2010
|
2009
|
|||||||
AT&T Shares Fund (AT&T common shares)
|
$ | 523,390 | $ | 545,791 | ||||
T. Rowe Price Mid-Cap Growth Fund
|
197,929 | 157,225 | ||||||
DFA U.S. Small Cap Value II Fund
|
142,612 | * | ||||||
DFA International Value II Fund
|
* | 118,025 | ||||||
Common stock
|
$ | 22,112 | ||
Registered investment companies
|
97,228 | |||
Common/collective trust funds
|
21,283 | |||
Fixed income securities
|
2,573 | |||
Total
|
$ | 143,196 |
Plan Assets at Fair Value as of December 31, 2010
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Interest bearing cash
|
$ | 5,210 | $ | - | $ | - | $ | 5,210 | ||||||||
Short term investments
|
7,261 | - | - | 7,261 | ||||||||||||
Blended equity & debt 1
|
- | 45,369 | - | 45,369 | ||||||||||||
US equity securities
|
||||||||||||||||
AT&T common stock
|
523,390 | - | - | 523,390 | ||||||||||||
Index stock fund 2
|
- | 104,242 | - | 104,242 | ||||||||||||
Futures
|
122 | - | - | 122 | ||||||||||||
Mutual funds – large cap
|
259,314 | - | - | 259,314 | ||||||||||||
Mutual funds – mid cap
|
269,957 | - | - | 269,957 | ||||||||||||
Mutual funds – small cap
|
142,612 | - | - | 142,612 | ||||||||||||
Fixed income securities:
|
||||||||||||||||
Bond Index Fund 3
|
- | 13,258 | - | 13,258 | ||||||||||||
Short term investments
|
1,708 | 30 | - | 1,738 | ||||||||||||
Futures
|
- | 76 | - | 76 | ||||||||||||
Corporate debt instruments
|
||||||||||||||||
Asset backed securities
|
- | 2,321 | - | 2,321 | ||||||||||||
Commercial mortgage backed securities
|
- | 1,667 | - | 1,667 | ||||||||||||
Collateralized mortgage obligations
|
- | 8,238 | - | 8,238 | ||||||||||||
Other corporate debt instruments
|
- | 24,201 | - | 24,201 | ||||||||||||
U.S. government securities
|
||||||||||||||||
Asset backed securities
|
- | 10,546 | - | 10,546 | ||||||||||||
Other U.S. government securities
|
- | 54,517 | - | 54,517 | ||||||||||||
Other investments
|
- | 14,345 | - | 14,345 | ||||||||||||
Total assets at fair value
|
$ | 1,209,574 | $ | 278,810 | $ | - | $ | 1,488,384 |
Plan Assets at Fair Value as of December 31, 2009
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Interest bearing cash
|
$ | 3,775 | $ | - | $ | - | $ | 3,775 | ||||||||
Short term investments
|
3,734 | - | - | 3,734 | ||||||||||||
Blended equity & debt 1
|
- | 35,446 | - | 35,446 | ||||||||||||
US equity securities
|
||||||||||||||||
AT&T common stock
|
545,791 | - | - | 545,791 | ||||||||||||
Index stock fund 2
|
- | 100,490 | - | 100,490 | ||||||||||||
Mutual funds – large cap
|
245,794 | - | - | 245,794 | ||||||||||||
Mutual funds – mid cap
|
220,258 | - | - | 220,258 | ||||||||||||
Mutual funds – small cap
|
109,647 | - | - | 109,647 | ||||||||||||
Fixed income securities
|
||||||||||||||||
Bond Index Fund 3
|
- | 12,955 | - | 12,955 | ||||||||||||
Short term investments
|
12,283 | 6,134 | - | 18,417 | ||||||||||||
Fixed income securities
|
||||||||||||||||
Corporate debt instruments
|
||||||||||||||||
Asset backed securities
|
- | 3,838 | - | 3,838 | ||||||||||||
Commercial mortgage backed securities
|
- | 1,028 | - | 1,028 | ||||||||||||
Collateralized mortgage obligations
|
- | 1,018 | - | 1,018 | ||||||||||||
Other corporate debt instruments
|
- | 24,378 | - | 24,378 | ||||||||||||
U.S. government securities
|
||||||||||||||||
Asset backed securities
|
- | 10,184 | - | 10,184 | ||||||||||||
Other U.S. government securities
|
- | 33,716 | - | 33,716 | ||||||||||||
Other investments
|
- | 2,176 | - | 2,176 | ||||||||||||
Fixed income securities - loaned
|
- | (14,654 | ) | - | (14,654 | ) | ||||||||||
Convertible securities
|
- | 19 | - | 19 | ||||||||||||
Market value of securities on loan
|
- | 14,654 | - | 14,654 | ||||||||||||
Collateral received for securities loaned (held in common/collective trust funds) 4
|
- | 14,970 | - | 14,970 | ||||||||||||
Total assets at fair value
|
$ | 1,141,282 | $ | 246,352 | $ | - | $ | 1,387,634 |
December 31,
|
||||||||
2010
|
2009
|
|||||||
AT&T Savings Plan Master Trust
|
86.6 | % | 85.9 | % | ||||
AT&T Savings Master Trust
|
6.3 | % | 6.6 | % | ||||
BellSouth Savings and Security Plan
|
7.1 | % | 7.5 | % | ||||
Total
|
100.0 | % | 100.0 | % |
AT&T Total Return Bond Fund
|
AT&T U.S. Stock Fund
|
AT&T Inter-national Stock Fund
|
AT&T Stable Value Fund
|
Group Trust
|
||||||||||||||||
Interest bearing cash
|
$ | - | $ | - | $ | 3,669 | $ | - | $ | 3,669 | ||||||||||
Common/collective trust funds
|
- | 815,433 | 218,702 | - | 1,034,135 | |||||||||||||||
103-12 investment entities
|
- | - | 47,732 | - | 47,732 | |||||||||||||||
Equities
|
- | 1,378,536 | 275,580 | - | 1,654,116 | |||||||||||||||
Equities – loaned
|
- | (69 | ) | - | - | (69 | ) | |||||||||||||
Publicly traded partnerships
|
- | 3,676 | - | - | 3,676 | |||||||||||||||
Registered investment companies
|
1,326,799 | 36,762 | 2,120 | 545 | 1,366,226 | |||||||||||||||
Investment contracts (at fair value):
|
||||||||||||||||||||
Guaranteed investment contracts
|
- | - | - | 27,223 | 27,223 | |||||||||||||||
Synthetic GICs:
|
||||||||||||||||||||
Interest bearing cash
|
- | - | - | 36,594 | 36,594 | |||||||||||||||
Corporate preferred stock
|
- | - | - | 3,311 | 3,311 | |||||||||||||||
Corporate and other bonds and notes
|
- | - | - | 3,264,699 | 3,264,699 | |||||||||||||||
Registered investment companies
|
- | - | - | 614,215 | 614,215 | |||||||||||||||
Futures
|
- | - | - | 81 | 81 | |||||||||||||||
Government securities
|
- | - | - | 3,468,987 | 3,468,987 | |||||||||||||||
Wrapper contracts
|
- | - | - | 15,609 | 15,609 | |||||||||||||||
Market value of securities on loan
|
- | 69 | - | - | 69 | |||||||||||||||
Collateral received for securities loaned
|
- | 71 | - | - | 71 | |||||||||||||||
Group Trust investments at fair value
|
1,326,799 | 2,234,478 | 547,803 | 7,431,264 | 11,540,344 | |||||||||||||||
Unsettled trades and other
|
5,425 | (609 | ) | 1,381 | (446,763 | ) | (440,566 | ) | ||||||||||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
|
- | - | - | (311,368 | ) | (311,368 | ) | |||||||||||||
Obligation to return collateral on loaned securities
|
- | (71 | ) | - | - | (71 | ) | |||||||||||||
Group Trust net assets
|
$ | 1,332,224 | $ | 2,233,798 | $ | 549,184 | $ | 6,673,133 | $ | 10,788,339 | ||||||||||
Plan’s percentage ownership interest of investments
|
- | % | - | % | - | % | 11.5 | % | 7.1 | % |
AT&T Total Return Bond Fund
|
AT&T U.S. Stock Fund
|
AT&T Inter-national Stock Fund
|
AT&T Stable Value Fund
|
Group Trust
|
||||||||||||||||
Interest bearing cash
|
$ | - | $ | 59 | $ | 3,631 | $ | 461 | $ | 4,151 | ||||||||||
Common/collective trust funds
|
- | 555,780 | 256,331 | - | 812,111 | |||||||||||||||
Corporate and other bonds and notes
|
- | - | 1,131 | - | 1,131 | |||||||||||||||
Equities
|
- | 1,509,879 | 263,219 | - | 1,773,098 | |||||||||||||||
Equities – loaned
|
- | (86,639 | ) | (5,511 | ) | - | (92,150 | ) | ||||||||||||
Publicly traded partnerships
|
- | 3,245 | - | - | 3,245 | |||||||||||||||
Registered investment companies
|
1,115,939 | 40,042 | 2,976 | 9,842 | 1,168,799 | |||||||||||||||
Registered investment companies – loaned
|
(8,735 | ) | - | - | - | (8,735 | ) | |||||||||||||
Investment contracts (at fair value):
|
||||||||||||||||||||
Guaranteed investment contracts
|
- | - | - | 28,986 | 28,986 | |||||||||||||||
Synthetic GICs:
|
||||||||||||||||||||
Interest bearing cash
|
- | - | - | 19,469 | 19,469 | |||||||||||||||
Corporate preferred stock
|
- | - | - | 3,213 | 3,213 | |||||||||||||||
Corporate and other bonds and notes
|
- | - | - | 2,868,793 | 2,868,793 | |||||||||||||||
Corporate and other bonds and notes – loaned
|
- | - | - | (71,918 | ) | (71,918 | ) | |||||||||||||
Registered investment companies
|
- | - | - | 262,154 | 262,154 | |||||||||||||||
Futures
|
- | - | - | 2,253 | 2,253 | |||||||||||||||
Other investments
|
- | - | - | 64,171 | 64,171 | |||||||||||||||
Government securities
|
- | - | - | 3,682,357 | 3,682,357 | |||||||||||||||
Government securities – loaned
|
- | - | - | (613,841 | ) | (613,841 | ) | |||||||||||||
Wrapper contracts
|
- | - | - | 9,724 | 9,724 | |||||||||||||||
Market value of securities on loan
|
8,735 | 86,639 | 5,511 | 685,759 | 786,644 | |||||||||||||||
Collateral received for securities loaned (held in common/collective trust funds)
|
8,765 | 88,311 | 5,660 | 688,669 | 791,405 | |||||||||||||||
Group Trust investments at fair value
|
1,124,704 | 2,197,316 | 532,948 | 7,640,092 | 11,495,060 | |||||||||||||||
Unsettled trades and other
|
3,853 | (1,719 | ) | 653 | (87,909 | ) | (85,122 | ) | ||||||||||||
Adjustment from fair value to contract value for fully benefit-responsive investment contracts
|
- | - | - | (132,112 | ) | (132,112 | ) | |||||||||||||
Obligation to return collateral on loaned securities
|
(8,914 | ) | (89,817 | ) | (5,757 | ) | (700,413 | ) | (804,901 | ) | ||||||||||
Group Trust net assets
|
$ | 1,119,643 | $ | 2,105,780 | $ | 527,844 | $ | 6,719,658 | $ | 10,472,925 | ||||||||||
Plan’s percentage ownership interest of investments
|
- | % | - | % | - | % | 11.6 | % | 7.5 | % |
AT&T Total Return Bond Fund
|
AT&T U.S. Stock Fund
|
AT&T Inter-national Stock Fund
|
AT&T Stable Value Fund
|
Group Trust
|
||||||||||||||||
Interest bearing cash
|
$ | - | $ | - | $ | 64 | $ | - | $ | 64 | ||||||||||
Common/collective trust funds
|
- | 134,382 | 3,365 | - | 137,747 | |||||||||||||||
103-12 investment entities
|
- | - | 7,732 | - | 7,732 | |||||||||||||||
Equities
|
- | 157,663 | 29,914 | - | 187,577 | |||||||||||||||
Publicly traded partnerships
|
- | (69 | ) | - | - | (69 | ) | |||||||||||||
Registered investment companies
|
34,716 | 26 | 5 | - | 34,747 | |||||||||||||||
Total net appreciation in fair value of Group Trust Investments
|
$ | 34,716 | $ | 292,002 | $ | 41,080 | $ | - | $ | 367,798 |
Investment income:
|
||||||||||||||||||||
Interest
|
$ | - | $ | 46 | $ | 2,223 | $ | 230,556 | $ | 232,825 | ||||||||||
Dividends
|
79,410 | 17,423 | 6,797 | - | 103,630 | |||||||||||||||
Securities lending
|
- | 176 | 32 | 728 | 936 | |||||||||||||||
Total investment income of Group Trust Investments
|
$ | 79,410 | $ | 17,645 | $ | 9,052 | $ | 231,284 | $ | 337,391 |
Group Trust Assets and Liabilities at Fair Value December 31, 2010 |
Level 1
|
Level 2
|
Level 3
|
Total
|
Interest bearing cash
|
$ | 3,669 | $ | - | $ | - | $ | 3,669 | ||||||||
U.S. equity securities:
|
||||||||||||||||
U.S. common stock
|
||||||||||||||||
Large cap
|
910,941 | - | - | 910,941 | ||||||||||||
Small cap
|
467,595 | - | - | 467,595 | ||||||||||||
Common stock-registered investment companies
|
36,762 | - | - | 36,762 | ||||||||||||
U.S. common stock – loaned
|
(69 | ) | - | - | (69 | |||||||||||
Common/collective trusts 1
|
- | 815,433 | - | 815,433 | ||||||||||||
Publicly traded partnerships
|
3,676 | - | - | 3,676 | ||||||||||||
International equity securities:
|
||||||||||||||||
Common stock
|
271,343 | - | - | 271,343 | ||||||||||||
Common stock – registered investment companies
|
2,120 | - | - | 2,120 | ||||||||||||
Common/collective trusts 2
|
- | 218,702 | - | 218,702 | ||||||||||||
Preferred stock
|
4,237 | - | - | 4,237 | ||||||||||||
103-12 investment entities 3
|
- | 47,732 | - | 47,732 | ||||||||||||
Fixed income securities:
|
||||||||||||||||
Blackrock mutual fund
|
111,357 | - | - | 111,357 | ||||||||||||
WAMCO mutual fund
|
378,428 | - | - | 378,428 | ||||||||||||
PIMCO mutual fund
|
837,014 | - | - | 837,014 | ||||||||||||
Stable Value Fund:
|
||||||||||||||||
Common stock – registered investment companies
|
545 | - | - | 545 | ||||||||||||
Guaranteed investment contracts
|
- | 27,223 | - | 27,223 | ||||||||||||
Synthetic GICs:
|
||||||||||||||||
Interest bearing cash
|
- | 36,594 | - | 36,594 | ||||||||||||
Corporate preferred stock
|
3,311 | - | - | 3,311 | ||||||||||||
Corporate and other bonds and notes:
|
||||||||||||||||
U.S. corporate bonds and notes
|
- | 1,417,533 | - | 1,417,533 | ||||||||||||
International corporate bonds and notes
|
- | 612,459 | - | 612,459 | ||||||||||||
Asset-backed securities
|
- | 619,982 | - | 619,982 | ||||||||||||
Collateralized mortgage obligations
|
- | 80,829 | - | 80,829 | ||||||||||||
Commercial mortgage-backed securities
|
- | 533,896 | - | 533,896 | ||||||||||||
Short term investment funds - Registered investment companies
|
614,215 | - | - | 614,215 | ||||||||||||
Futures
|
81 | - | - | 81 | ||||||||||||
Government securities:
|
||||||||||||||||
U.S. government4
|
53,911 | 3,325,640 | - | 3,379,551 | ||||||||||||
Municipals
|
59,528 | - | - | 59,528 | ||||||||||||
Other
|
1,035 | - | - | 1,035 | ||||||||||||
Non U.S. government
|
28,873 | - | - | 28,873 | ||||||||||||
Wrapper contracts
|
- | 15,609 | - | 15,609 | ||||||||||||
Market value of securities on loan:
|
||||||||||||||||
U.S. stock fund
|
69 | - | - | 69 | ||||||||||||
Collateral received for securities loaned
|
71 | - | - | 71 | ||||||||||||
Total assets and liabilities at fair value
|
$ | 3,788,712 | $ | 7,751,632 | $ | - | $ | 11,540,344 |
Group Trust Assets and Liabilities at Fair Value December 31, 2009
|
||||||||||||||||
Level 1
|
Level 2
|
Level 3
|
Total
|
|||||||||||||
Interest bearing cash
|
$ | 3,690 | $ | - | $ | - | $ | 3,690 | ||||||||
U.S. equity securities:
|
||||||||||||||||
U.S. common stock
|
1,549,921 | - | - | 1,549,921 | ||||||||||||
U.S. common stock – loaned
|
(86,639 | ) | - | - | (86,639 | ) | ||||||||||
Common/collective trusts 1
|
- | 559,025 | - | 559,025 | ||||||||||||
International equity securities:
|
||||||||||||||||
Common stock
|
266,195 | - | - | 266,195 | ||||||||||||
Common stock -loaned
|
(5,511 | ) | - | - | (5,511 | ) | ||||||||||
Common/collective trusts 2
|
- | 257,462 | - | 257,462 | ||||||||||||
Fixed income securities:
|
||||||||||||||||
Blackrock mutual fund
|
102,951 | - | - | 102,951 | ||||||||||||
WAMCO core mutual fund
|
291,592 | - | - | 291,592 | ||||||||||||
PIMCO total return mutual fund
|
721,396 | - | - | 721,396 | ||||||||||||
Total return bond fund -loaned
|
(8,735 | ) | - | - | (8,735 | ) | ||||||||||
Stable Value Fund:
|
||||||||||||||||
Interest bearing cash
|
461 | - | - | 461 | ||||||||||||
U.S. common stock
|
9,842 | - | - | 9,842 | ||||||||||||
Guaranteed investment contracts
|
- | 28,986 | - | 28,986 | ||||||||||||
Synthetic GICs:
|
||||||||||||||||
Interest bearing cash
|
19,469 | - | - | 19,469 | ||||||||||||
Corporate preferred stock
|
3,213 | - | - | 3,213 | ||||||||||||
Corporate and other bonds and notes:
|
||||||||||||||||
Asset backed securities
|
- | 606,757 | - | 606,757 | ||||||||||||
Collateralized mortgage obligations
|
- | 592,549 | - | 592,549 | ||||||||||||
Commercial mortgage backed securities
|
- | 136,582 | - | 136,582 | ||||||||||||
Other
|
- | 1,532,905 | - | 1,532,905 | ||||||||||||
Corporate and other bonds and notes - loaned
|
- | (71,918 | ) | - | (71,918 | ) | ||||||||||
Registered investment companies
|
262,154 | - | - | 262,154 | ||||||||||||
Futures
|
2,253 | - | - | 2,253 | ||||||||||||
Other investments
|
64,171 | - | - | 64,171 | ||||||||||||
Government securities
|
- | 3,682,357 | - | 3,682,357 | ||||||||||||
Government securities - loaned
|
- | (613,841 | ) | - | (613,841 | ) | ||||||||||
Wrapper contracts
|
- | 9,724 | - | 9,724 | ||||||||||||
Market value of securities on loan:
|
||||||||||||||||
U.S. stock fund
|
86,639 | - | - | 86,639 | ||||||||||||
International stock fund
|
5,511 | - | - | 5,511 | ||||||||||||
Total return bond fund
|
8,735 | - | - | 8,735 | ||||||||||||
Synthetic GICs:
|
||||||||||||||||
Corporate and other bonds and notes
|
- | 71,918 | - | 71,918 | ||||||||||||
Government securities
|
- | 613,841 | - | 613,841 | ||||||||||||
Collateral received for securities loaned 3
|
- | 791,405 | - | 791,405 | ||||||||||||
Total assets and liabilities at fair value
|
$ | 3,297,308 | $ | 8,197,752 | $ | - | $ | 11,495,060 |
Year Ended
December 31, 2010
|
||||
Futures contracts
|
$ | 81 | ||
Forward foreign currency exchange rate contracts
|
$ | 2,257 |
Year Ended
December 31, 2010
|
||||
Futures contracts
|
$ | 1,148 |
Type of Contract
|
Number of Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
90-Day EuroDollar Future
|
(405 | ) | 3/2012 | $ | (100,288 | ) | $ | (147 | ) | |||||||
U.S. Treasury Bond Future
|
(184 | ) | 3/2011 | (22,471 | ) | 630 | ||||||||||
U.S. 10-Year Treasury Notes Future
|
(151 | ) | 3/2011 | (18,186 | ) | (61 | ) | |||||||||
U.S. 5-Year Treasury Notes Future
|
283 | 3/2011 | 33,314 | (5 | ) | |||||||||||
U.S. 2-Year Treasury Notes Future
|
170 | 3/2011 | 37,214 | (19 | ) | |||||||||||
U.S Ultra Bond Future
|
(12 | ) | 3/2011 | (1,525 | ) | 42 | ||||||||||
U.S. Treasury Bond Future
|
(45 | ) | 3/2011 | (5,496 | ) | 129 | ||||||||||
U.S. 10-Year Treasury Notes Future
|
195 | 3/2011 | 23,485 | (770 | ) | |||||||||||
U.S. 2-Year Treasury Notes Future
|
402 | 3/2011 | 88,000 | (57 | ) | |||||||||||
U.S. Ultra Bond Future
|
(160 | ) | 3/2011 | (20,335 | ) | 339 | ||||||||||
Total
|
$ | 13,712 | $ | 81 |
Type of Contract
|
Number of Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
90-Day EuroDollar Future
|
(39 | ) | 6/2010 | $ | (9,684 | ) | $ | (301 | ) | |||||||
U.S. Treasury Bond Future
|
(295 | ) | 3/2010 | (34,036 | ) | 2,115 | ||||||||||
U.S. 10-Year Treasury Notes Future
|
(105 | ) | 3/2010 | (12,123 | ) | 300 | ||||||||||
U.S. 5-Year Treasury Notes Future
|
57 | 3/2010 | 6,520 | (101 | ) | |||||||||||
U.S. 2-Year Treasury Notes Future
|
(253 | ) | 3/2010 | (54,715 | ) | 285 | ||||||||||
U.S. 10-Year Treasury Notes Future
|
(243 | ) | 3/2010 | (28,055 | ) | 1,067 | ||||||||||
U.S. 5-Year Treasury Notes Future
|
197 | 3/2010 | 22,533 | (363 | ) | |||||||||||
U.S. 2-Year Treasury Notes Future
|
639 | 3/2010 | 138,194 | (749 | ) | |||||||||||
Total
|
$ | 28,634 | $ | 2,253 |
Type of Contract
|
Number of Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
S&P e-mini 500 Index Futures U.S.
|
103 | 3/2011 | $ | 6,453 | $ | 122 | ||||||||||
U.S. Treasury Bond Future
|
(23 | ) | 3/2011 | (2,770 | ) | 76 | ||||||||||
Total
|
$ | 3,683 | $ | 198 |
Type of Contract
|
Number of Contracts
Buy/(Sell)
|
Expiration
|
Notional
Value
|
Fair
Value
|
||||||||||||
S&P 500 Index Futures
|
15 | 3/2010 | $ | 4,165 | $ | 28 | ||||||||||
U.S. Treasury Bond Future
|
(9 | ) | 3/2010 | (1,039 | ) | 24 | ||||||||||
Total
|
$ | 3,126 | $ | 52 |
Notional Value
|
Fair Value
|
|||||||||||||||
2010
|
2009
|
2010
|
2009
|
|||||||||||||
Derivative asset:
|
$ | 105,795 | $ | 118,767 | $ | 671 | (835 | ) | ||||||||
Derivative liability:
|
$ | 105,795 | $ | 118,767 | $ | 408 | 846 |
5.
|
Related Party Transactions – Plan assets are invested in AT&T stock either directly or through the Group Trust. 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 and Group Trust 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 transactions rules.
|
6.
|
Tax Status – The Plan has received a determination letter from the Internal Revenue Service (IRS) dated January 17, 2003, stating that the Plan is qualified under Section 401(a) of the Internal Revenue Code (IRC) and, therefore, the related trust is exempt from taxation. Subsequent to this determination by the IRS, the Plan was amended and restated. Once qualified, the Plan is required to operate in conformity with the IRC to maintain its qualification. The plan administrator believes the Plan is being operated in compliance with the applicable requirements of the IRC and, therefore, believes that the Plan, as amended, is qualified and the related trust is tax exempt. In addition, the Plan was filed with the IRS for a favorable determination letter on February 2, 2009 pursuant to, and as part of, the IRS determination letter filing program (Cycle C).
|
7.
|
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:
|
2010
|
2009
|
|||||||
Net Assets Available for Benefits per the financial statements
|
$ | 2,297,363 | $ | 2,203,042 | ||||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts
|
35,869 | 15,353 | ||||||
Distributions payable to participants
|
(319 | ) | - | |||||
Net Assets Available for Benefits per the Form 5500
|
$ | 2,332,913 | $ | 2,218,395 |
Distributions to participants per the financial statements
|
$ | 263,575 | ||
Distributions payable to participants at December 31, 2009
|
- | |||
Distributions payable to participants at December 31, 2010
|
319 | |||
Distributions to participants per the Form 5500
|
$ | 263,894 |
Total additions per the financial statements
|
$ | 359,565 | ||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2010
|
35,869 | |||
Adjustment from contract value to fair value for fully benefit-responsive investment contracts at December 31, 2009
|
(15,353 | ) | ||
Total income per the Form 5500
|
$ | 380,081 |
Identity of Issue |
Description of Investment
|
Current Value
|
|||||||
Index Stock Fund
|
|||||||||
NORTHERN TRUST S&P 500 INDEX STOCK FUND
|
COMMON/COLLECTIVE TRUST FUND: 22,518 UNITS | ** | $ | 83,678 | |||||
Balanced Fund
|
|||||||||
DREYFUS GOVT CASH MGMT FUND
|
REGISTERED INVESTMENT COMPANY:2,491,094 UNITS | ** | 2,491 | ||||||
US TREASURY BILL
|
0.000% 02/24/2011 DD08/26/10 | ** | 750 | ||||||
US TREASURY BILL
|
0.000% 03/31/2011 DD09/30/10 | ** | 200 | ||||||
FUTURES CONTRACT
|
S&P 500 E-MINI INDEX FUTURE EXP MAR 11 | ** | 122 | ||||||
FUTURES CONTRACT
|
US 10YR NOTE FUTURE EXP MAR 11 | ** | 76 | ||||||
NORTHERN TRUST S&P 500 INDEX STOCK FUND
|
COMMON/COLLECTIVE TRUST FUND: 5,534 UNITS | ** | 20,564 | ||||||
NORTHERN TRUST QM AGGREGATE BOND INDEX FUND
|
COMMON/COLLECTIVE TRUST FUND: 30,832 UNITS | ** | 13,258 | ||||||
Total Balanced Fund
|
37,461 | ||||||||
Registered Investment Company
|
|||||||||
FIDELITY GROWTH AND INCOME FUND
|
REGISTERED INVESTMENT COMPANY:2,377,410 UNITS | ** | 43,507 | ||||||
VANGUARD GROWTH INDEX INSTITUTIONAL
|
REGISTERED INVESTMENT COMPANY:2,279,376 UNITS | ** | 72,028 | ||||||
DFA US LARGE CAP VALUE II
|
REGISTERED INVESTMENT COMPANY:10,834,571 UNITS | ** | 103,687 | ||||||
DFA US SMALL CAP VALUE II
|
REGISTERED INVESTMENT COMPANY:5,577,332 UNITS | ** | 142,612 | ||||||
DFA INTERNATIONAL VALUE II
|
REGISTERED INVESTMENT COMPANY:17,383,009 UNITS | ** | 112,120 | ||||||
T ROWE PRICE MID CAP GROWTH
|
REGISTERED INVESTMENT COMPANY:3,381,669 UNITS | ** | 197,929 | ||||||
Total Registered Investment Companies
|
671,883 | ||||||||
LifePath Age-Based Retirement Funds
|
|||||||||
BGI - LIFEPATH RETIREMENT FUND
|
COMMON/COLLECTIVE TRUST FUND: 910,285 UNITS | ** | 12,070 | ||||||
BGI - LIFEPATH 2020 FUND
|
COMMON/COLLECTIVE TRUST FUND: 1,224,023 UNITS | ** | 15,827 | ||||||
BGI - LIFEPATH 2030 FUND
|
COMMON/COLLECTIVE TRUST FUND: 810,069 UNITS | ** | 10,304 | ||||||
BGI - LIFEPATH 2040 FUND
|
COMMON/COLLECTIVE TRUST FUND: 521,358 UNITS | ** | 6,507 | ||||||
BGI - LIFEPATH 2050 FUND
|
COMMON/COLLECTIVE TRUST FUND: 71,888 UNITS | ** | 661 | ||||||
Total LifePath Age-Based Retirement Funds
|
45,369 |
AT&T Shares Fund
|
|||||||||
* |
AT&T COMMON STOCK
|
17,814,476 SHARES | ** | 523,390 | |||||
DREYFUS GOVT CASH MGMT FUND
|
REGISTERED INVESTMENT COMPANY:4,770,025 UNITS | ** | 4,770 | ||||||
Total AT&T Shares Fund
|
528,160 | ||||||||
Bond Fund
|
|||||||||
DREYFUS GOVT CASH MGMT FUND
|
VAR RT 12/31/2075 DD 06/03/97 | ** | 758 | ||||||
CREDIT SUISSE REPO
|
0.024% 01/03/2011 DD 12/30/10 | ** | 1,600 | ||||||
SIGMA ERISA LIQUIDATING POOL
|
VAR RT 12/31/2049 DD 05/01/01 | ** | - | ||||||
SLH PROXY LONG EXPOSURE
|
FNMA TBA 10/14/2008 | ** | 30 | ||||||
* |
AT&T INC GLOBAL NT
|
4.950% 01/15/2013 DD 12/06/07 | ** | 322 | |||||
COMMIT TO PUR FNMA SF MTG
|
4.500% 01/01/2025 DD 01/01/10 | ** | 3,040 | ||||||
COMMIT TO PUR FNMA SF MTG
|
4.500% 01/01/2041 DD 01/01/11 | ** | 6,363 | ||||||
COMMIT TO PUR FNMA SF MTG
|
4.500% 02/01/2041 DD 02/01/11 | ** | 1,024 | ||||||
COMMIT TO PUR FNMA SF MTG
|
5.000% 01/01/2041 DD 01/01/11 | ** | 6,308 | ||||||
COMMIT TO PUR FNMA SF MTG
|
5.500% 01/01/2041 DD 01/01/11 | ** | 3,210 | ||||||
COMMIT TO PUR FNMA SF MTG
|
6.000% 01/01/2041 DD 01/01/11 | ** | 2,174 | ||||||
ALLSTATE LIFE GLOBAL FDG SECD
|
5.375% 04/30/2013 DD 04/30/08 | ** | 109 | ||||||
AMERICAN EXPRESS CR CORP MTN
|
5.875% 05/02/2013 DD 06/02/08 | ** | 109 | ||||||
AMERICAN GEN FIN CORP #TR00413
|
VAR RT 08/17/2011 DD 08/17/06 | ** | 377 | ||||||
AMERICAN INTL GRP MTN #TR00028
|
VAR RT 10/18/2011 DD 10/18/06 | ** | 1,191 | ||||||
AMERICAN INTL GRP I
|
5.850% 01/16/2018 DD 12/12/07 | ** | 619 | ||||||
AMERICAN INTL GRP I
|
6.250% 05/01/2036 DD 04/20/06 | ** | 480 | ||||||
AMERICAN MUN PWR-OHIO INC
|
6.449% 02/15/2044 DD 12/09/09 | ** | 975 | ||||||
AMGEN INC SR NT
|
6.150% 06/01/2018 DD 05/23/08 | ** | 700 | ||||||
BANK AMER FDG CORP 05-D CL A-1
|
VAR RT 05/25/2035 DD 06/01/05 | ** | 205 | ||||||
BANK OF AMERICA CORP
|
5.650% 05/01/2018 DD 07/28/09 | ** | 204 | ||||||
BANK OF AMERICA CORP
|
6.500% 08/01/2016 DD 07/28/09 | ** | 651 | ||||||
BAY AREA TOLL AUTH CALIF TOLL
|
6.263% 04/01/2049 DD 11/05/09 | ** | 988 | ||||||
BEAR STEARNS ARM TR 02-11 IA2
|
VAR RT 01/25/2033 DD 12/01/02 | ** | 15 | ||||||
BEAR STEARNS 2005-12 I-3-A-1
|
VAR RT 02/25/2036 DD 12/01/05 | ** | 95 | ||||||
BUCKEYE OHIO TOB SETTLEMENT
|
5.875% 06/01/2030 DD 10/29/07 | ** | 145 | ||||||
CALIFORNIA ST
|
7.550% 04/01/2039 DD 04/28/09 | ** | 1,038 | ||||||
CARRINGTON MTG 06-NC5 CL A1
|
VAR RT 01/25/2037 DD 12/19/06 | ** | 315 | ||||||
CHICAGO ILL TRANSIT AUTH TRANS
|
6.899% 12/01/2040 DD 08/06/08 | ** | 99 | ||||||
CHICAGO ILL TRANSIT AUTH TRANS
|
6.899% 12/01/2040 DD 08/06/08 | ** | 99 | ||||||
CITIGROUP INC GLOBAL NT
|
5.850% 12/11/2034 DD 12/09/04 | ** | 976 | ||||||
CITIGROUP INC GLOBAL SR NT
|
5.500% 04/11/2013 DD 04/11/08 | ** | 319 | ||||||
CITIGROUP INC
|
8.500% 05/22/2019 DD 05/22/09 | ** | 248 | ||||||
CITIGROUP CAP XXI ENHANCED PFD
|
VAR RT 12/21/2057 DD 12/21/07 | ** | 2,080 | ||||||
CONNECTICUT ST
|
5.850% 03/15/2032 DD 04/30/08 | ** | 309 | ||||||
FIRST NATIONWIDE TRUST 3 1A1
|
6.750% 08/21/2031 DD 07/01/01 | ** | 5 | ||||||
CSMC 2006-C4 A3
|
5.467% 09/15/2039 DD 09/01/06 | ** | 105 | ||||||
DAIMLERCHRYSLER AUTO 08-B A-3B
|
VAR RT 09/10/2012 DD 05/19/08 | ** | 45 | ||||||
EL PASO CORP
|
8.050% 10/15/2030 DD 10/11/00 | ** | 507 |
ENTERGY CORP
|
3.625% 09/15/2015 DD 09/16/10 | ** | 198 | ||||||
FHLMC GROUP #E8-2712
|
6.000% 03/01/2016 DD 03/01/01 | ** | 13 | ||||||
FHLMC POOL #E8-2732
|
6.000% 03/01/2016 DD 03/01/01 | ** | 12 | ||||||
FHLMC POOL #E8-2776
|
6.000% 03/01/2016 DD 03/01/01 | ** | 10 | ||||||
FHLMC POOL #E8-4467
|
6.000% 07/01/2016 DD 07/01/01 | ** | 11 | ||||||
FHLMC POOL #E8-4717
|
6.000% 07/01/2016 DD 07/01/01 | ** | 10 | ||||||
FHLMC POOL #E0-0975
|
6.000% 05/01/2016 DD 05/01/01 | ** | 13 | ||||||
FHLMC POOL #A9-4710
|
4.000% 10/01/2040 DD 10/01/10 | ** | 275 | ||||||
FHLMC POOL #A9-5554
|
4.000% 12/01/2040 DD 12/01/10 | ** | 1,712 | ||||||
FEDERAL HOME LOAN BK CONS BD
|
3.625% 10/18/2013 DD 09/15/08 | ** | 107 | ||||||
FEDERAL HOME LOAN BK CONS BD
|
3.125% 12/13/2013 DD 12/04/08 | ** | 105 | ||||||
FEDERAL HOME LOAN BK CONS BD
|
0.875% 08/22/2012 DD 06/18/10 | ** | 301 | ||||||
FEDERAL HOME LOAN MTG CORP
|
4.375% 07/17/2015 DD 07/14/05 | ** | 221 | ||||||
FEDERAL HOME LOAN MTG CORP
|
1.000% 08/28/2012 DD 06/11/10 | ** | 201 | ||||||
FEDERAL HOME LOAN MTG CORP
|
0.515% 11/26/2012 DD 10/08/10 | ** | 100 | ||||||
FEDERAL NATL LOAN ASSN
|
5.000% 03/15/2016 DD 02/16/06 | ** | 113 | ||||||
FEDERAL NATL LOAN ASSN
|
4.375% 03/15/2013 DD 03/28/03 | ** | 108 | ||||||
FEDERAL NATL LOAN ASSN
|
4.625% 10/15/2013 DD 09/26/03 | ** | 110 | ||||||
FEDERAL NATL LOAN ASSN
|
4.125% 04/15/2014 DD 03/25/04 | ** | 109 | ||||||
FEDERAL NATL LOAN ASSN
|
5.000% 02/13/2017 DD 01/12/07 | ** | 226 | ||||||
FEDERAL HOME LOAN MTG CORP
|
5.250% 04/18/2016 DD 04/13/06 | ** | 343 | ||||||
FEDERAL HOME LOAN MTG CORP
|
5.000% 02/16/2017 DD 01/16/07 | ** | 113 | ||||||
FEDERAL HOME LOAN MTG CORP
|
3.500% 05/29/2013 DD 03/14/08 | ** | 106 | ||||||
FEDERAL HOME LOAN MTG CORP
|
2.500% 04/23/2014 DD 04/24/09 | ** | 207 | ||||||
FEDERAL HOME LOAN MTG CORP
|
0.875% 10/28/2013 DD 08/20/10 | ** | 199 | ||||||
FNMA POOL #0259990
|
5.500% 04/01/2034 DD 04/01/04 | ** | 13 | ||||||
FNMA POOL #0AH0999
|
4.000% 12/01/2040 DD 12/01/10 | ** | 398 | ||||||
FNMA POOL #0AH1464
|
4.000% 12/01/2040 DD 12/01/10 | ** | 996 | ||||||
FNMA POOL #0667557
|
5.500% 11/01/2032 DD 11/01/02 | ** | 5 | ||||||
FNMA GTD REMIC MTG 03-W1 1A1
|
6.500% 12/25/2042 DD 01/01/03 | ** | 82 | ||||||
FNMA GTD REMIC P/T
|
5.000% 04/25/2033 DD 03/01/03 | ** | 509 | ||||||
FEDERAL NATL MTG ASSN
|
5.375% 06/12/2017 DD 06/08/07 | ** | 230 | ||||||
FEDERAL NATL MTG ASSN
|
2.875% 12/11/2013 DD 12/11/08 | ** | 105 | ||||||
FEDERAL NATL MTG ASSN
|
2.750% 03/13/2014 DD 03/13/09 | ** | 105 | ||||||
FEDERAL NATL MTG ASSN
|
1.250% 08/20/2013 DD 07/09/10 | ** | 101 | ||||||
FEDERAL NATL MTG ASSN
|
3.000% 09/16/2014 DD 08/14/09 | ** | 105 | ||||||
FEDERAL NATL MTG ASSN
|
1.000% 12/27/2012 DD 07/16/10 | ** | 1,006 | ||||||
FEDERAL NATL MTG ASSN
|
1.625% 10/26/2015 DD 09/27/10 | ** | 1,559 | ||||||
FEDERAL NATL MTG ASSN
|
0.500% 10/30/2012 DD 10/08/10 | ** | 199 | ||||||
FEDERAL NATL MTG ASSN
|
0.750% 12/18/2013 DD 11/01/10 | ** | 3,164 | ||||||
FEDERAL NATL MTG ASSN
|
0.375% 12/28/2012 DD 11/09/10 | ** | 199 | ||||||
FNMA POOL #0725425
|
5.500% 04/01/2034 DD 04/01/04 | ** | 1,822 | ||||||
FNMA POOL #0735288
|
5.000% 03/10/2035 DD 02/01/05 | ** | 667 | ||||||
FNMA POOL #0735896
|
6.000% 09/01/2035 DD 09/01/05 | ** | 10 | ||||||
FNMA POOL #0888222
|
6.000% 02/01/2037 DD 02/01/07 | ** | 263 | ||||||
FNMA POOL #0889955
|
5.500% 10/01/2038 DD 10/01/08 | ** | 1,001 | ||||||
FNMA POOL #0902355
|
6.000% 11/01/2036 DD 10/01/06 | ** | 477 |
FNMA POOL #0908728
|
6.000% 01/01/2037 DD 01/01/07 | ** | 35 | ||||||
FNMA POOL #0915042
|
5.500% 04/01/2022 DD 04/01/07 | ** | 11 | ||||||
FNMA POOL #0916965
|
6.000% 06/01/2037 DD 06/01/07 | ** | 26 | ||||||
FNMA POOL #0920654
|
6.000% 04/01/2037 DD 04/01/07 | ** | 250 | ||||||
FNMA POOL #0931412
|
4.500% 06/01/2024 DD 06/01/09 | ** | 997 | ||||||
FNMA POOL #0932391
|
4.500% 01/01/2040 DD 12/01/09 | ** | 10,276 | ||||||
FNMA POOL #0941387
|
6.000% 06/01/2037 DD 06/01/07 | ** | 260 | ||||||
FNMA POOL #0941440
|
6.000% 07/01/2037 DD 07/01/07 | ** | 50 | ||||||
FNMA POOL #0941499
|
6.000% 06/01/2037 DD 06/01/07 | ** | 78 | ||||||
FNMA POOL #0943621
|
6.000% 08/01/2037 DD 08/01/07 | ** | 238 | ||||||
FNMA POOL #0952421
|
6.000% 09/01/2037 DD 09/01/07 | ** | 378 | ||||||
FNMA POOL #0966545
|
6.000% 10/01/2037 DD 12/01/07 | ** | 183 | ||||||
FNMA POOL #0995708
|
4.500% 04/01/2024 DD 04/01/09 | ** | 36 | ||||||
FNMA POOL #0AA9362
|
4.000% 08/01/2039 DD 08/01/09 | ** | 99 | ||||||
FNMA POOL #0AC1454
|
4.000% 08/01/2039 DD 08/01/09 | ** | 46 | ||||||
FNMA POOL #0AC2267
|
4.000% 11/01/2039 DD 11/01/09 | ** | 264 | ||||||
FORD CR AUTO 08-C CL A-3B
|
VAR RT06/15/2012 DD 05/22/08 | ** | 168 | ||||||
FORD CR AUTO D A2
|
1.210% 01/15/2012 DD 09/11/09 | ** | 8 | ||||||
GENERAL ELECTRIC CAPITAL CORP
|
5.875% 01/14/2038 DD 01/14/08 | ** | 727 | ||||||
GOLDMAN SACHS GROUP INC/THE
|
5.950% 01/18/2018 DD 01/18/08 | ** | 2,061 | ||||||
HSI ASSET SEC CORP 06 HE2 IIA1
|
VAR RT12/25/2036 DD 12/05/06 | ** | 55 | ||||||
ILLINOIS ST
|
4.071% 01/01/2014 DD 01/15/10 | ** | 101 | ||||||
ILLINOIS ST
|
6.630% 02/01/2035 DD 02/04/10 | ** | 1,820 | ||||||
ILLINOIS ST
|
4.790% 04/01/2016 DD 04/26/10 | ** | 903 | ||||||
JP MORGAN CHASE & CO GLOBAL NT
|
6.625% 03/15/2012 DD 03/13/02 | ** | 1,701 | ||||||
J P MORGAN CHASE 03-CIBC7 A4
|
VAR RT01/12/2038 DD 12/01/03 | ** | 212 | ||||||
JP MORGAN CHASE COMMER LDP9 A3
|
VAR RT05/15/2047 DD 12/01/06 | ** | 623 | ||||||
JP MORGAN CHASE COMMER LDPX A3
|
5.420% 01/15/2049 DD 03/01/07 | ** | 520 | ||||||
KINDER MORGAN ENERGY PARTNERS
|
5.950% 02/15/2018 DD 02/12/08 | ** | 1,542 | ||||||
LEHMAN BROS MTN TR #00609
|
VAR RT01/23/2009 DD 01/25/06 | ** | 435 | ||||||
LOS ANGELES CALIF UNI SCH DIST
|
5.750% 07/01/2034 DD 10/15/09 | ** | 934 | ||||||
ML CFC COML MTG 06-4 CL A3
|
VAR RT12/12/2049 DD 12/01/06 | ** | 207 | ||||||
MERRILL LYNCH INC MTN #TR00528
|
5.770% 07/25/2011 DD 07/25/06 | ** | 1,234 | ||||||
METROPOLITAN TRANS AUTH N Y
|
6.668% 11/15/2039 DD 01/13/10 | ** | 1,001 | ||||||
MORGAN STANLEY SR MEDIUM TERM
|
5.950% 12/28/2017 DD 12/28/07 | ** | 423 | ||||||
MORGAN STANLEY
|
6.750% 04/15/2011 DD 04/23/01 | ** | 1,017 | ||||||
MORGAN STANLEY
|
5.625% 01/09/2012 DD 08/09/06 | ** | 1,044 | ||||||
NEW JERSEY ST TRANSN TR FD
|
6.561% 12/15/2040 DD 01/14/10 | ** | 1,007 | ||||||
NISOURCE FINANCE CORP
|
6.125% 03/01/2022 DD 12/04/09 | ** | 108 | ||||||
PHILIP MORRIS INTL INC NT
|
6.375% 05/16/2038 DD 05/16/08 | ** | 116 | ||||||
PRIME MTG TR 04-CL1 1A2
|
VAR RT02/25/2034 DD 01/25/04 | ** | 52 | ||||||
PRIME MTG TR 04-CL1 II-A-2
|
VAR RT02/25/2019 DD 01/25/04 | ** | 5 | ||||||
PRINCIPAL LIFE INCOME FUNDINGS
|
5.300% 04/24/2013 DD 04/24/08 | ** | 108 | ||||||
PRUDENTIAL FINL INC MTN #00028
|
6.625% 12/01/2037 DD 12/03/07 | ** | 111 | ||||||
PUBLIC PWR GENERATION AGY NEB
|
7.242% 01/01/2041 DD 07/16/09 | ** | 99 | ||||||
SLM CORP MEDIUM TERM NTS BOOK
|
VAR RT03/15/2011 DD 03/17/06 | ** | 299 | ||||||
SLM STUDENT LN TR 07-2CL A2
|
VAR RT07/25/2017 DD 02/22/07 | ** | 690 |
SLM STUDENT LN TR 9 CL A
|
VAR RT04/25/2023 DD 08/28/08 | ** | 694 | ||||||
SAN DIEGO CNTY CALIF WTR AUTH
|
6.138% 05/01/2049 DD 02/04/10 | ** | 1,001 | ||||||
SBA GTD DEV PARTN CTF 03-20-C
|
4.500% 03/01/2023 DD 03/12/03 | ** | 4,215 | ||||||
SMALL BUS ADMIN GTD 05-20B 1
|
4.625% 02/01/2025 DD 02/16/05 | ** | 2,185 | ||||||
SMALL BUSINESS ADMIN 08-20D 1
|
5.370% 04/01/2028 DD 04/16/08 | ** | 1,395 | ||||||
SMALL BUS ADMIN GTD 08-20E
|
5.490% 05/01/2028 DD 05/14/08 | ** | 1,451 | ||||||
SMALL BUSINESS ADMIN 08-20F 1
|
5.680% 06/01/2028 DD 06/11/08 | ** | 638 | ||||||
SMALL BUSINESS ADMIN 09-20A 1
|
5.720% 01/01/2029 DD 01/14/09 | ** | 190 | ||||||
SMALL BUSINESS ADMIN 08-10A 1
|
5.471% 03/10/2018 DD 03/26/08 | ** | 472 | ||||||
STATE STR CAP TR III NORMAL
|
VAR RT12/29/2049 DD 01/25/08 | ** | 102 | ||||||
STRUCTURED ASSET WF1 A2
|
VAR RT01/25/2032 DD 03/25/07 | ** | 346 | ||||||
STRUCTURED ASSET 0121A CL 1A1
|
VAR RT01/25/2032 DD 12/01/01 | ** | 5 | ||||||
STRUCTURED ASSET SECS 02 1A 4A
|
VAR RT02/25/2032 DD 01/01/02 | ** | 6 | ||||||
TARGET CORP NT
|
7.000% 01/15/2038 DD 01/17/08 | ** | 1,349 | ||||||
THORNBURG MTG SECS 06-6 CL A1
|
VAR RT11/25/2046 DD 11/29/06 | ** | 150 | ||||||
TIME WARNER INC NEW NT
|
5.875% 11/15/2016 DD 11/13/06 | ** | 790 | ||||||
US TREAS-CPI INFLATION INDEX
|
2.375% 01/15/2025 DD 07/15/04 | ** | 775 | ||||||
US TREAS-CPI INFLATION INDEX
|
2.000% 01/15/2026 DD 01/15/06 | ** | 468 | ||||||
US TREAS-CPI INFLATION INDEX
|
2.500% 01/15/2019 DD 01/15/09 | ** | 347 | ||||||
US TREASURY NOTE
|
2.500% 04/30/2015 DD 04/30/10 | ** | 414 | ||||||
US TREASURY NOTE
|
1.125% 06/15/2013 DD 06/15/10 | ** | 101 | ||||||
US TREASURY NOTE
|
1.875% 06/30/2015 DD 06/30/10 | ** | 100 | ||||||
US TREASURY NOTE
|
1.000% 07/15/2013 DD 07/15/10 | ** | 1,206 | ||||||
US TREASURY NOTE
|
0.500% 11/30/2012 DD 11/30/10 | ** | 999 | ||||||
UNITEDHEALTH GROUP INC SR NT
|
4.875% 02/15/2013 DD 02/07/08 | ** | 319 | ||||||
UNIVERSITY CALIF REGTS MED CTR
|
6.583% 05/15/2049 DD 12/17/09 | ** | 978 | ||||||
UNIVERSITY CALIF REVS
|
6.270% 05/15/2031 DD 08/27/09 | ** | 291 | ||||||
UNIVERSITY CALIF REVS
|
5.770% 05/15/2043 DD 08/27/09 | ** | 942 | ||||||
USB CAP IX NORMAL INCOME TR
|
VAR RT04/15/2049 DD 03/17/06 | ** | 77 | ||||||
VIRGINIA ELEC & PWR CO SR NT
|
5.400% 04/30/2018 DD 04/17/08 | ** | 334 | ||||||
WAMU MORTGAGE PASS TH AR1 2A1A
|
VAR RT 01/25/2046 DD 01/01/06 | ** | 7,699 | ||||||
WACHOVIA CORP NEW NT
|
5.625% 10/15/2016 DD 10/23/06 | ** | 326 | ||||||
WAL MART STORES INC NT
|
5.250% 09/01/2035 DD 08/31/05 | ** | 503 | ||||||
WELLS FARGO CAP X GTD CAP SECS
|
5.950% 12/15/2036 DD 12/05/06 | ** | 386 | ||||||
AMERICAN INTL GROUP INC CORP
|
AIG PREFERRED STOCK | ** | 15 | ||||||
COMMIT TO PUR FNMA SF MTG
|
4.000% 01/01/2041 DD 01/01/11 | ** | (995 | ) | |||||
COMMIT TO PUR FHLMC GOLD SFM
|
4.000% 01/01/2041 DD 01/01/11 | ** | (1,985 | ) | |||||
Total Bond Fund
|
116,623 |
Interest Bearing Cash
|
||||||||||||
DREYFUS GOVT CASH MGMT FUND
|
5,210 | |||||||||||
Loans to Plan Participants
|
4.25% - 10.50 | % | * | 52,029 | ||||||||
Total
|
$ | 1,540,413 | ||||||||||
* Party-in-Interest
|
||||||||||||
** Participant-directed investment, cost not required
|
BellSouth Savings and Security Plan
|
|
By AT&T Services, Inc.,
Plan Administrator for the Foregoing Plan
|
By
|
/s/ Paul W. Stephens
|
Paul W. Stephens
|
|
Senior Vice President and Controller
|
|
Exhibit identified below, Exhibit 23 is filed herein as an exhibit hereto.
|
23
|
Consent of Independent Registered Public Accounting Firm
|