Senators Report Millions In Assets

OKLAHOMA CITY (AP) Oklahoma's two Republican U.S. Senators reported stock holdings worth millions of dollars in financial disclosure reports released Wednesday in Washington. <br/><br/>The reports

Thursday, June 15th 2006, 5:45 am

By: News On 6

OKLAHOMA CITY (AP) Oklahoma's two Republican U.S. Senators reported stock holdings worth millions of dollars in financial disclosure reports released Wednesday in Washington.

The reports require Congress members to detail their finances and list last year's assets and income beyond their $162,100 salary.

The reports allow a wide range of assets amounts. Senior Sen. James M. Inhofe listed assets in a revocable trust ranging from about $1.7 million to about $6 million.

Those totals included scores of holdings in stocks and bonds and other interests. Assets in the trust included both publicly traded and non-publicly traded stocks.

Sen. Tom Coburn, who was elected to the Senate in 2004 and has since had to relinquish practicing medicine under Senate ethics rules, listed assets ranging from about $1 million to about $4.5 million.

The list had about 40 pages of varied and mostly small stock and bond holdings and individual retirement accounts.

The Muskogee Republican also listed assets and interests in Muskogee that involved medical equipment, the Professional Building Partnership, the Plaza Medical Center Partnership, the Muskogee Allergy Clinic Partnership and S. Taber Development, LLC. He listed losses with Muskogee Golf, Inc., and T&C Construction, Inc.

Outside income listed by Coburn included $66,796 in salary and business income from Thomas A. Coburn, MD, Inc.; $2,554 from Muskogee Allergy Clinic and $230 from book sales.

Some reports had not been released by late Wednesday for the state's five U.S. House members.

Coburn reported two trips in 2005 exceeding $305 value that were required to be reported regardless of whether the expenses were reimbursed to the individual or paid directly by the sponsoring organization.

One trip was from Washington to Palm Springs, Calif., for a speaking engagement sponsored by Koch Industries, Inc. Another was to Naples, Fla., to speak to the Club for Growth.

Inhofe listed two mortgages arising from purchases in the 1990s. One was with Liberty Savings of Enid for between $100,000 and $250,000 at a 6.5 percent interest rate.

Another was with State Bank of Tulsa for between $50,000 and $100,000 at an 8.5 percent interest rate. He also listed a revolving credit account with Triad Bank of Tulsa at an adjustable rate based on the prime rate in New York.