Collalet-al Valuation - Sunmntaty Stock Price Assumptions as of 6-Sep-01 Eiuoi~ $30.49 I Compaq SIO.35 I liii Lilly $78.50 I I BA I Chase I 80.0% Compass' I 80.0% 70.0% FU I Enron lolal I hA -Nil. Loan 80.0% Otigisaal LOC Oulsiandisig Curretil LIV Mki Val. CollaIcral (ollaleral Req. Excess (Delicil) $40,000,000 SI 5,000,000 $2,479,392 S2,089,000 38.1% 56,500.076 $3 099 240 $3,400,836 73.6% $2,839,019 $227,769 SI 0,000.000 $3,489,871 57.2% $6,099,704 S 3.079.763 $4,000,000 $9,952,493 $4,000,000 $22,010,756 73.3% $13,584,000 ti/a 'i/a n/a Bone ~rIumg I~owerj $2,720,649 I ~. $182,215 I ~tIdlII!II1Ril......i ,$0 I, $0 I * $2,492,776 I (Jiigiiial bC Onislanditig A~alIable Lied 5750,000 $0 $1,000,000 $0 $500,000 $0 n/a n/a n/a n/a $2,250,00(i $0 $750,000 $1,000,000 $500,000 n/a n/a $2,250,000 $4,742,776 lotal all * C'o,,,j,ass LOC has 8Q./~ LiVoti all liquid assets held as collateral; the esception is the Sanders' accou,ut which, consists of illiquad assets that Compass offers the lesser of 3Q% LTV or SImm GOVERNMENT EXHIBIT 24231 Crim No. H 04-0025 LTV $5,000,000 78.7% 56,35(1,549 56 250 0(111 100,519 ~fl - C. V '¶3 0., o 0' ow lJ9 Enron Compaq Eli Lilly FOil 1.Cw Allocation of Collateral for Securd LOC hA Chase Corn ass' IU 47.1% 92.7% 69.8% 52.9/i 7.3% 0.0% 0.0% 0.0% 30.2% diversiFied 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 100.0% 100.0% 100.0% LOCO 10906 1318121 J02 I (!ollate, a I Valuation - Suinnia,y Stock Price Assumptions as of 6-Sep.01 I liOlT $20.11 Limimon $30.49 TCW - Select $14.69 Compaq S 10.35 TCW - Aggr. $10.71 Eli Lilly $78.50 TCW - Small $16.48 LIV Oiiginal LOC Ou Is t~ a ding Current LIV Mk( Vat. Collaicral Collateral Req. Excess (Deficil) BA Corn SSS FLI Total 80.0% 80.0% 70.0% $10,000,000 $6,973,000 90.4% $7,712,710 $8.7 16.250 (St ,003,480) SI ,000,000 $670,000 87.9% $762,250 $837 500 ($75,250) $2,000,000 $13,000,000 $2,228,527 $9,871,527 66.9% $3,330,232 A/P KIL lotal all $2,523,500 $12,395,027 $11,805,252 59.553.750 ($1,078,730) Borrowing I'owcrl Original LOC Oulsiamidimig A~aiIzable LisacI (',P0~'p)I L~ ~ .1 j ~ L C (59l0.35411 $1,000,000 SO n/a mr/a n/a n/a $1,000,000 $0 SI,000,000 n/a ala *' 11,999, 90 Allocaijo,, of Collateral BA Comit ass FU 23.7% 100.0% 15.2% 00% 20.6% 0.0% divegsulied 1.3% 0.0% 39.2% 0.0% 100.0% 100.0% $89,646 Ilotal all L4J: 010906 8fl112002 or On N, tJl a-, i I. a!. U Enron Compaq Eli Lilly EOfl TUW Collateral Valuation Sank of AmerLca Stock Price assum Lions 6-Sep-01 Enron 530.49 TCW - Select $14.69 Compaq $1025 TCW - Aggr. SIO.71 Eli Lilly $78.50 TCW Small S 16.48 EOTT $20.11 Outstanding Loan Balance 52.479392 Collateral Pledged Shares Value Enron Corp. 100,401 33,061226 Compaq Computer 332,256 53.438.850 Total Market Value of Collateral S6.S00,076 Less: Collateral Required (80% LTV) 38.14% S3,099.,240 Excess (Deficit) Collaxeral S3,400.836 &rrowing Power $2,720,669 Available to Borrow SZ.720..669 GD- nezshi in - . wit d Outstanding Loan Balance I' 56,973,0061 Collateral Pled ed Shares Value Compaq 113,064 $1,170,212 Eli Lilly & Co. 20,220 $1,587,270 EOTT Energy Parmers 5,000 $100,550 TCW Galileo Select Equities 131.738 $1,935.23 1 TCW Galileo Aggressive Growth 37,949 $406,434 TCW Small Cap Growth 41,485 $683,673 Enron Corp. (includes additional 25,000 shares) 60,000 $1.829.400 Total Market Value of Collateral 57,712,770 Less: Collateral Required (LTV 80%) 90.4 lO/o S8,716.250 L Excess (Deficit) Collateral (S 1.003,480) Borrowing Power so Available to Borrow 50 Confidentaal Treameni Requested under FOIA LOC.0 10906 8/8/2002 LAY-SEC-i 000000266 47. 100 52.9% 100.0% 15.20/a 20.6% 1.3% 25.1% 5.3% 8.9% 23.7% 100.0% Collateral Valuation Bank of America 1 on - etb Outstanding Loan Balance S5.OOO.OOO Collateral Pled ed Shares Value Eriron Corp. 208.283 36,350,549 Compaq Computer SO Total Marker Value of' Collateral S6250.549 Less: Collateral Required (80% LTV) 78.7% S6.250.OOO Excess (Deflcit) Collateral SlOO..S49 Borrowing Power S80,439 Available to Borrow 580.439 S750.000 Line of Credit (Unsecured) IIN/O Kenneth L. & Linda P. Lay Outstanding Loan Balance L.0C0 10906 8/812002 so Conrideflhlal 1 reamefit Requelteli under FOIA LAY-SEC-i 000000267 1 00% 000 Collateral Valuation Chose 6.Sep-O I Stock Price Assumptions Enron 53049 Comoa~ S 10.35 S 15.0 Million Non Purpose Credit Line STOCK Symbol Certif~. No. Enron Corp ENE Chase Acct Enron Corp ENE Chase Acct Total ENE Compaq Shares 3.93 6 86.324 X aiue S 120.009 $ 2.512.010 S .632.019 O~nershzp I Personal Personal 927% CPQ BB12S523 ..~Q~QQ0 S 207.000 Personal Total CPQ 20.000 S 207,000 7.3% Total Value of Cohateral S 2.839.019 LTV 80% AVAILABLE BALANCE SZ;I29,264~ Funded (SZ.089.000) REMAINING BALANCE - -. S40~264. Conndens,aJ Treamen, Requeswri under FOIA LOCO 10906 8)8/2002 LAY-SEC~1 000000268 Collateral Valuation Compass 6-Sep-01 Stock Price Assumotian Enron S30.49 Eli Lilly $78.50 S 10.0 Million Non Purpose Credit Line STOCK Symbol Certif. No. Shares Ownership Eli Lilly LLY FC24922 5,000 Personal Eli Lilly LLY CNY18380 5 000 Personal Total LLY 10,000 785,000 Enron Corp ENE HC119322 7,690 Personal Enron Corp ENE HC119285 22.052 Personal Enron Corp ENE HC119286 1,751 Personal Enron Corp-Split ENE HC164652 1,751 Personal Enron Corp ENE HC119359 4,521 Personal Enron Corp-Split ENE HC164653 4,521 Personal Enron Corp ENE HC119360 7,792 Personal Enron Corp ENE HC127094 9 440 Personal Total ENE 59,518 1,814.704 TOTAL $ 2,599,704 LTV 50% AVAILABLE BALANCE 52.079,763 Funded 1SY489ii~ REMAINING BALANCE (5L410.]08'l Additional Collateral ~Sanders_Moms_Hams (30% LTV. cap~eo at S1.000.000) Total $ 3,500,000 LTV 300/0 AVAILABLE BALANCE $ 1,000,000 Funded -: s0 REMAINING BALANCE 51.000.000 Confidential Trearneni Re4ue~Ied under FOIA L0C010906 8/8/2002 LAY-'SECi 000000269 30.2% 69.8% Personal - Secured LOG ($000) Enron LOC PW 500 BA 2,721 Chase 1S2 Comnass (410) Total 2.993 500,000 9,146.000 1,900,000 400,000 Personal - Unsecured LOC ($000) BA 1,000 (increasing from S750,000; should be effective next week) Chase 1,000 (increasing from S750,000; should be effecnve next week) Com~a.ss 500 Total 2.500 Partnership - LOC (SO 00) Now BA PW 257 (additional collateral should be in place early next week) waiting for the dust to clear but it is positive 257 at least this much When shares settle at BA assuming yesierdays price ofS4&34 * (1,003) (1,003) Confld,~aj5j Tream~t Requested Under FOJA LAY-SEC-i 000000270 BA Pw 9 LOC.010906