by Bhavesh Jinadra by CNB
Roanoke Times Copyright (c) 1995, Landmark Communications, Inc. DATE: WEDNESDAY, January 20, 1993 TAG: 9301200166 SECTION: NATIONAL/INTERNATIONAL PAGE: A-5 EDITION: NEW RIVER VALLEY SOURCE: Associated Press DATELINE: WASHINGTON LENGTH: Short
BUSH'S FINANCIAL REPORT REVEALS GIFTS, PROPERTY
President Bush accepted nearly $53,000 worth of gifts in the last year and borrowed between $50,000 and $100,000 from a Houston bank this month at the prime rate of interest, his financial disclosure report showed Tuesday.The prime is the rate that banks charge their best customers, usually businesses.
The disclosure form is required of all top executive branch officials annually and upon their departure from the government. This form covered the period from the end of 1991 until it was filed on Jan. 18.
Unlike his previous financial disclosure forms, the last one did not list specific income and assets. Instead, the sums were expressed in ranges - a practice that Bush eschewed in the past although the ranges are all the form requires.
Thus, the form showed Bush with "over $1 million" in assets in a qualified trust. He listed the income from this trust at between $116,000 and $302,500, mostly in taxable income and capital gains.
A vacant lot in Houston where Bush plans to build a home is valued at $100,000 to $250,000, and his the summer home in Maine at more than $1 million.