WASHINGTON (AP) - At the end of his latest financial disclosure form, following a dozen pages of itemized assets totaling at least $8.8 million, President Bush listed presidential gifts he just had to keep: a $5,728 boat, complete with dock, a cowboy hat and Rolling Stones concert tickets.
Bush kept $14,254 in gifts, according to financial disclosure forms released by the White House on Thursday.
Vice President Dick Cheney, who reported at least $19 million in assets, was lured by a few gifts too, including fishing rods and reels and a bronze sculpture of two trout titled "Rainbow Splendor."
On the annual forms filed with the Office of Government Ethics, the president reported assets between $8.8 million and $21.9 million. Cheney's assets were valued somewhere between $19.1 million and $86.4 million.
Under federal law, the officials may report the value of their assets, income and debts within broad ranges. The ranges were similar last year's disclosures - $9 million to $19 million for the president and first lady Laura Bush; and $23 million to $70 million for the more affluent Cheney and his wife, Lynne.
The gifts the Bushes decided to keep include the boat and boat dock valued at $5,728 that he received from John L. Morris' Bass Pro Shops in Springfield, Mo.; eight Rolling Stones concert tickets totaling $2,533 for his daughter, Jenna; a $1,000 cowboy hat adorned with a silver Lone Star; and a puzzle worth $1,707 that he received from the White House staff.
White House press secretary Ari Fleischer on Friday said the president listed the Rolling Stones tickets on his disclosure form because they were given to his daughter as gifts before she was 21 years old. Two of the tickets were given to the president's daughter as a birthday gift by her Secret Service agents, who paid for them out of their own pockets, Fleischer said.
Other gifts the Bushes will keep included a hardcover copy of "To Kill a Mockingbird" signed by author Harper Lee; shoes; an unframed 1865 map of Texas; cufflinks, china dishes, and an honorary membership to The Yale Club of New York City.
Bush owns millions of dollars in Treasury notes. The biggest single asset he lists on the form is his 1,583-acre ranch in central Texas, valued at between $1 million and $5 million. His money is also spread over certificates of deposit in Providian National Bank, Banco Santander and Household Bank.
The Bushes maintained trusts worth between $419,000 and $1.1 million for each of their twin daughters. The trusts contain money market accounts, bonds and stock, including the Gap, IBM, Microsoft Corp., Procter and Gamble, Pfizer Inc., Intel and Walt Disney.
Last month, Bush reported $856,056 in adjusted gross income for 2002. The disclosure forms showed the great majority of that came from interest income. The disclosure forms just released suggest Bush has little to gain personally from his drive to abolish the personal income tax on dividends. As little as $3,707 of his income came from dividends.
Bush listed interest income coming from checking accounts, money market accounts, certificates of deposit, retirement accounts and nearly 30 U.S. Treasury notes. Also listed as income was $12,000 from the Henry G. Freeman Jr. Trust.
Freeman, who died in 1917, left a will stating that after the last relatives in his will were deceased, an annuity of $12,000 would be paid every year to each first lady during her husband's term as president. Freeman's estate, administered by First Union National Bank in Philadelphia, is invested primarily in the bank's common trust funds.
The bulk of the assets amassed by the Cheneys are held in just seven investment funds - totaling between $15 million and $75 million. The vice president's assets also included undeveloped real estate in McLean, Va., worth $1 million to $5 million.
Cheney kept $17,125 in gifts, according to the forms.
Many honored the Wyoming native's love of fly fishing. He received a Sage fly rod and Lamson reel worth $600 from two Portland, Ore., men; a $3,400 bronze sculpture of two trout from an Oregon artist; three handmade fly rods together worth $2,200 from men in Wyoming, Idaho and Texas; and a $1,500 Bogdan Salmon reel.
Other gifts included two 2002 Olympic USA leather jackets and two 2002 Olympic parkas; a $600 hand-carved wooden folk art figurine from Rep. Jim Leach, R-Iowa, and his wife; a $350 "Wyoming Santa" needlepoint decoration; a $4,200 bronze sculpture of a baby elephant called "The Orphan;" and, from the White House staff, a $580 framed Currier and Ives lithograph of the Battle of Jonesboro.
On their 2002 federal tax return filed last month, the Cheneys reported a total of $1.2 million in adjusted gross income. The forms Thursday showed he collected $162,392 in deferred compensation from Halliburton Co., the Dallas-based energy services company he headed until Aug. 16, 2000. Cheney elected in 1998 to recoup over five years a portion of the money he made in 1999 as chief executive officer of Halliburton.
Other income came from capital gains, dividends and interest.
In addition, Lynne Cheney drew an unspecified salary from the American Enterprise Institute, a Washington-based think tank, and compensation as a member of several boards. The $100,000 to $1 million in royalties she received from Simon & Schuster for her book "America: A Patriotic Primer" were all donated to charity.
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