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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
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QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
For Quarter Ended September 30, 1996
Commission File Number 33-11924
CS FBC MORTGAGE SECURITIES TRUST 22 AND SIMILAR TRUSTS
OF WHICH CS FIRST BOSTON MORTGAGE SECURITIES CORP. IS DEPOSITOR
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(Exact name of registrant as specified in its governing instruments)
Delaware Not Applicable
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(State or other jurisdiction (I.R.S. Employer
of establishment of Trusts) Identification No.)
c/o Wilmington Trust Company
Rodney Square North
Wilmington, Delaware 19890
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(Address of Owner Trustee) (Zip Code)
Owner Trustee's telephone number, including area code 302-651-1000
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Securities registered pursuant to Section 12(b) of the Act: None.
Securities registered pursuant to Section 12(g) of the Act: None.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the registrant was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days.
Yes X No
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CS FBC MORTGAGE SECURITIES TRUST 22
AND SIMILAR TRUSTS
INDEX
<TABLE>
<CAPTION>
Page
Number
------
<S> <C>
PART I FINANCIAL INFORMATION
Item 1. Financial Statements 3
Item 2. Management's Discussion and Analysis of Financial
Condition and Results of Operations 3
PART II OTHER INFORMATION
Item 1. Legal Proceedings 4
Item 2. Changes in Securities 4
Item 3. Defaults Upon Senior Securities 4
Item 4. Submission of Matters to a Vote of Security Holders 4
Item 5. Other Information 4
Item 6 Exhibits and Reports on Form 8-K 4
SIGNATURE 5
INDEX TO EXHIBITS 6
</TABLE>
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CS FBC MORTGAGE SECURITIES TRUST 22
AND SIMILAR TRUSTS
PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Financial statements for the period ended September 30, 1996 have
not been prepared in as much as the reporting entities have not
commenced operations as of that date.
As of the date of this report, the trusts have been formed and
have not issued any Bonds. It is anticipated that the trusts will
issue series of Bonds under Registration Statement No. 33-11924
which was filed on Form S-11 by CS First Boston Mortgage
Securities Corp., on February 12, 1987 with the Securities and
Exchange Commission providing for the issuance of up to
$2,000,000, aggregate principal amount, of Collateralized Mortgage
Obligations.
The Trusts are formed under the laws of the state of Delaware by a
trust agreement between CS First Boston Mortgage Securities Corp.,
as depositor, and Wilmington Trust Company, as Owner Trustee (the
"Owner Trustee"). Subsequent to the issuance of the Bonds of Trust
22 and Similar Trusts, the Depositor may sell all or a part of its
ownership interest in the related trusts to other investors.
The powers and activities of the aforementioned trusts are limited
to the issuance of Bonds, the acquisition of mortgage-backed
certificates to collateralize the Bonds, the administration of the
Bonds and other related activities. Administration of the trusts
will be performed on behalf of the Owner Trustee by an indirect
wholly owned subsidiary of CS First Boston, Inc. As of the date of
this report, the trusts have not issued any bonds.
Item 2. Management's Discussion and Analysis of Financial Condition and
Results of Operations
Not applicable.
Page 3
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CS FBC MORTGAGE SECURITIES TRUST 22
AND SIMILAR TRUSTS
PART II. OTHER INFORMATION
Item 1. Legal Proceedings
None.
Item 2. Changes in Securities
Not applicable.
Item 3. Defaults Upon Senior Securities
Not applicable.
Item 4. Submission of Matters to a Vote of Security Holders
Not applicable.
Item 5. Other Information
None.
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits:
Form of Trust Agreement [for non-REMIC Bonds]
(incorporated by reference to Exhibit 3(a) of Registration
Statement on Form S-11 (No. 33-11924) dated February 12,
1987).
Form of Trust Agreement [for REMIC Bonds] (incorporated by
reference to Exhibit 3(b) of Registration Statement on
Form S-11 (No. 33-11924) dated February 12, 1987).
Form of Indenture (incorporated by reference to Exhibit 4
of Registration Statement on Form S-11 (No. 33-11924)
dated February 12, 1987).
Form of Bond Administration Agreement [for non-REMIC
Bonds] (incorporated by reference to Exhibit 10(a) of
Registration Statement on Form S-11 (No. 33-11924) dated
February 12, 1987).
Form of Bond Administration Agreement [for REMIC Bonds]
(incorporated by reference to Exhibit 10(b) of
Registration Statement on Form S-11 (No. 33-11924) dated
February 12, 1987).
(b) Reports on Form 8-K
None.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
CS First Boston Mortgage
Securities Corp., as
Depositor, on behalf of
CS FBC Mortgage Securities
Trust 22 and Similar Trusts
By: /s/ THOMAS M. ZINGALLI
---------------------------------
Thomas M. Zingalli
Controller and Principal
Accounting Officer
(Duly Authorized Officer and
Principal Accounting Officer)
Dated: October 25, 1996
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INDEX TO EXHIBITS
<TABLE>
<CAPTION>
Exhibit
Number Description of Exhibit Page
- ------ ---------------------- ----
<S> <C> <C>
3(a) Form of Trust Agreement [for non-REMIC Bonds] *
3(b) Form of Trust Agreement [for REMIC Bonds] *
4 Form of Indenture *
10(a) Form of Bond Administration Agreement [for non-REMIC Bonds] *
10(b) Form of Bond Administration Agreement [for REMIC Bonds] *
</TABLE>
* Incorporated by reference to the same Exhibits in Registration
Statement on Form S-11 (No. 33-11924) filed with the Securities and
Exchange Commission on February 12, 1987.
Page 6
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM FORM 10-Q
QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT
OF 1934.
</LEGEND>
<MULTIPLIER> 1,000
<S> <C>
<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-START> JAN-01-1996
<PERIOD-END> SEP-30-1996
<CASH> 0<F1>
<SECURITIES> 0
<RECEIVABLES> 0
<ALLOWANCES> 0
<INVENTORY> 0
<CURRENT-ASSETS> 0
<PP&E> 0
<DEPRECIATION> 0
<TOTAL-ASSETS> 0
<CURRENT-LIABILITIES> 0
<BONDS> 0
0
0
<COMMON> 0
<OTHER-SE> 0
<TOTAL-LIABILITY-AND-EQUITY> 0
<SALES> 0
<TOTAL-REVENUES> 0
<CGS> 0
<TOTAL-COSTS> 0
<OTHER-EXPENSES> 0
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 0
<INCOME-PRETAX> 0
<INCOME-TAX> 0
<INCOME-CONTINUING> 0
<DISCONTINUED> 0
<EXTRAORDINARY> 0
<CHANGES> 0
<NET-INCOME> 0
<EPS-PRIMARY> 0
<EPS-DILUTED> 0
<FN>
<F1>FINANCIAL STATEMENTS FOR THE PERIOD ENDED SEPTEMBER 30, 1996 HAVE NOT BEEN
PREPARED IN AS MUCH AS THE REPORTING ENTITIES HAVE NOT COMMENCED OPERATIONS
AS OF THAT DATE.
</FN>
</TABLE>
