Collalet-al Valualion - Suotmuty .S'~ocA l'e-iceAssu.nj,tioies as oJ? 31-Aug-01 Inroig $34.99 Coumpiu1 $12.35 liii Lilly S77.66 BA Chase I Compass * FU I Total 80.0% 80.0% 80.0% 70.0% Origi.ual L(JC Ormlslamidiug (sarseni i;v Mki Val. Collateral Collaicral Req. Lxcess (Deficit) Borrowimag I'oweu1 $40,000,000 $1 5,(J00,000 $5,579,392 $2,689,000 46.4% $12,026,672 56.974.240 $5,052,432 82.3% $3,267,477 ($93,773) $4,Q4I~946 I *.(S93,773)I S to ,000 ,000 $3,489,871 54.9% $6,359,135 $3,287,308 $10,083,697 ~ 1,960 73.1% $1 3,800,000 ($~0j~,S6.~)j I SI 5.4 53.281 $13,622 798 $4,958,659 $3,745,609 I (.JuIsI~uaudi,;g Available Liaae~ $7 50,0(10 $0 SI ,000,000 SO $750,000 I 51,000,000 I $500,000 50 $500,000 I SO $2,250,000 $0 $0 $0 I $2,250,000 I * ( ,.~trj,.u.is i. ) i,,zs 8O~, I It' ,nu all liquid zsscts lucid as ollalc, ,,l. tile e~.cept ion is the San~Iers' acuvuni nl,,cli (,'fl~I5fA al ills quad assets that (sanpass (Jifers the h'~st'r of 30% Li I' s,r SImm GOVERNMENT EXHIBIT 24227 Grim No H 04-0025 LTV 80.0% S5,u00,000 71 0% $6,757,619 $6,250,000 507,619 C- (/2 i-I U) ;2~fl 00 IZ Z~ a ~ U, 0 ~ 0~ C, - -~ 0 0 2 1 ii. 1:11 lilly 1.4)11 l('W Allocation uf(ullaterul for Secured LOC ISA CIa.sse Cona ass' FU 6S.9"A 92.4% 72.H% 34.1% 7.6% 0.0% 0 0% 0 0% 27.2% djvesilied 0 0% 0.0% 0.0% 0 0% 0 0% 0.0% 100.0% 1000% 100.0% 1.114 01 (1H1 I tiItli2(IO2 I Collatera] Valuation Bank of America Stock Price assumptions 31-Aug-OX Enron S34.99 TOW- Select S15.57 Compaq 312.35 TCW.Ag~. $11.66 Eli Lilly $77.66 TOW - Small 317.98 EOTT 319.55 Outstanding Loan Balance 55.579.392 Collateral Pledged Shares Value Enron Corp. 226.445 S7,923.3 II Compaq Computer 332.256 Total Market Value of Collateral Si 2.026.672 Less: Collateral Required (80% LTV) 46.390/a S6.974.240 Excess (Deficit) Collateral S5.052,432 Borrowing Power $4,041,946 Available to Borrow S4.041.946 .stm~ t Outstanding Loan Balance 56.973,000 Collateral Pied ed Shares Value Compaq 113,064 31.396.340 Eli Lilly & Co. 20.220 S 1,570.285 EGF1 Energy Parmers 5,000 397,750 TOW Galileo Select Equities 131,738 32.051,161 TOW Galileo Ag~'essive Growth 37,949 $442,485 TOW Small Cap Growth 41,485 $745,900 Enron Corp. (includes additional 25,000 shares) 60,000 32.099.400 Total Market Value of Collateral 58.403.322 Less: Collateral Required (LTV 80%) 82.98% S8,716.250 Excess (Deficit) Collateral ($312,928) Borrowing Power SO Available to Borrow SO COnfide~j~~ Treatmenl Reques~e~ under FOJA LAY-SEC..] 000000238 659% 34.1 ~'o 100.0% 16.6% 18.7% 1.2% 24.4% 5.3% 8.9% 250% 100.0% L0C010831 8/812002 Collateral Valuarion Bank of Ame,-tca eane Outstanding Loan Balance 55.000.000 Collateral Pled ed I Shares Value Enron Corp. 193.130 S6.757.619 Compaq Computer so Total Market Value of Collateral S6.757.6 19 Less: Collateral Required (800/c LTV) 74.0% S6.250.000 Excess (Deficit) Collateral 5507,619 Borrowing Power S406.095 Available to Borrow S406.095 S750.000 Line of CredIt (Unsecured) [INfO Kenneth L. & Linda P. Lay Outstanding Loan Balance L0C010831 8(8/2002 SO Confidential Treatment Requested under FOIA LAY.SEC] 000000239 I000..o 0% Collateral Valuation CAt~se 31-Aug-01 ~Srock Price Assumptions Enron 534.99 Cornoac 512.25 $15.0 Nfiliion Non Purpose Credit Ltne Symbol Certif. No. Enron Corp ENE Chase Acct Enron Corp ENE Chase Acct Total ENE Compaq L0C010831 8/8/2002 Shares 3.936 86.324 Value S $ .8S2.56 S 3.020.4~ Ownership I Personal Personal 9:4% C on fidcnt ja riai n~I.n1 P.~questcd undcr FOI A CPQ BB125523 :o.ooo ~ >~'.000 Personal Total CPQ 20.000 S 247.000 '.6% Total Value of Collateral S 3.267,477 LTV 80% AVAILABLE BALAYCE S2,450.608~ Funded (S2.689.000) REMAINING BALANCE. (S238,392J~ Collateral Valuation Compass 31-Aug-01 Stock Price Assumption Enron S34.99 Eli Liflv S77.66 310.0 Million Non Purpose Credit Line STOCK Symbol Certif. No. Shares Ownership Eli Lilly LLY FC24922 5.000 Personal Eli Lilly LLY CNY1B38O 5.000 Personal Total LLY 10,000 776,600 Enron Corp ENS HC119322 7,590 Personal Enron Corp ENS HC119285 22.052 Personal Enron Corp SNE HC119286 1,751 Personal Enron Corp-Split ENS HC164652 1751 Personal Enron Corp ENS HC119359 4,521 Personal Enron Corp-Split ENS HC164553 4,521 Personal Enron Corp ENS HC119360 7,792 Personal Enron Corp ENE HC127094 9 ~0 Personal Total ENE 59,518 2.082.535 TOTAL S 2,859,135 LW 80% AVAILABLE BALANCE S2.87.308 Funded S3.489.&7T~~ REMAINING BALANCE (SI.202.563) Additional Collateral Sanders Moms Hams (30% LTV. ca0Ded at S1.000.000) Total $3,500,000 LW 30Gb AVAILABLE BALANCE $ 1,000,000 Funded ~ S0~ REMAINING BALANCE S1.OOO.000 I r~'amcn, RV(IUI~~Itd u;nhr lOlA LAY-SEC-i 000000241 27.2% 72.8% LOC..O 10831 8(~f2002 Personal - Secured LOC (SOOD) Enron LOC Pw BA Chase Compass 4,042 (94) (203) 500 500,000 9,146,000 .900,000 400,000 Total 4.246 Personal - Unsecured LOC (5000) BA 1,000 Chase 1,000 Compass 500 Total 2.500 Parrners hip - LOC (5000) Now BA Pw (increasing from S750,000; should be effective next week) (increasing from S750,000; should be effective next week) 257 (additional collateral should be in place early next week) 2 waiting for the dust to clear but it is positive 257 at least this much When shares settle at BA assuming yesterdays price of $48.34 BA' (313) Pw (313) Confldenli'I Tre~ment Requested under FOiA LAYSEC~ o00000242