Summary of Depreciation Reserves On FCC Basis
(Dollars in Thousands)

Source:
Federal Communications Commission
Carrier submissions pursuant to Section C-1 of Depreciation Study Guide

Company

1/1/99 Investment

Book Reserve

Percent

Theoretical Reserve

Percent

Surplus

Percent

a

b

c = b / a

d

e = d / a

f = b - d

g = f / a

Ameritech

31,250,540

16,341,912

52.3%

15,200,565

48.6%

1,141,348

3.7%

Bell Atlantic

71,462,345

36,131,586

50.6%

35,638,641

49.9%

492,944

0.7%

BellSouth

48,797,032

26,246,886

53.8%

23,706,947

48.6%

2,539,938

5.2%

SBC

60,261,474

29,786,311

49.4%

28,984,802

48.1%

801,509

1.3%

US West

32,460,356

16,615,689

51.2%

16,101,290

49.6%

514,399

1.6%

RBOCs

244,231,747

125,122,384

51.2%

119,632,245

49.0%

5,490,139

2.2%

GTE

32,190,688

15,401,799

47.8%

13,226,782

41.1%

2,175,017

6.8%

All Large LECs

276,422,435

140,524,183

50.8%

132,859,027

48.1%

7,665,156

2.8%