The ratings assigned to the District of Columbia's TRANs are based on separate LOCs for each subseries provided by the following banks: * National Westminster Bank PLC (issued $50 million LOC for subseries 1995A-1), * The Toronto Dominion Bank ($50 million for 1995A-2), * Canadian Imperial Bank of Commerce ($50 million for 1995A-3), * Chemical Bank ($50 million for 1995A-4), and * First National Bank of Chicago ($50 million for 1995A-5) The LOCs cover principal plus accrued interest at the stated interest rate for each respective subseries of the TRANs. The TRANs are not subject to redemption or acceleration. The TRANs mature Sept. 30, 1995 but are paid on Sept. 29, 1995, a business day, and the LOCs expire Oct.
