Alaska delegation discloses financial holdings

Posted: Monday, June 18, 2001

WASHINGTON Alaska's congressman and two U.S. senators last week reported their personal holdings in stock funds, banks and real estate as well as trips funded by special interest groups to Las Vegas, Florida and Europe.

Sens. Frank Murkowski and Ted Stevens and Rep. Don Young, all Republicans, made the disclosures on forms that members of Congress are required to file each year.Murkowski, a former banker, and his wife, Nancy, reported owning between $1 million and $5 million in Wells Fargo stock. In addition, they own shares of First Bank in Ketchikan, also valued at $1 million to $5 million.

The Murkowskis reported stocks in Alaska Air Group worth less than $50,000 and in General Electric worth less than $250,000. They own real estate in Alaska, Utah, Washington state and Washington, D.C.

Stevens reported owning two pieces of Alaska real estate worth between $250,000 and $500,000 and interest in Oklahoma oil wells worth between $50,000 and $100,000. His other investments include an apartment building in Fairbanks, a subdivision in Utah and a few thousand dollars in an Anchorage restaurant. He has up to $250,000 in an Anchorage investment fund.

Young's largest asset, according to the report, is shares in Putnam Fund for Growth and Income worth between $100,000 and $250,000. He also receives rent for a house he owns in Fairbanks.

Young took five trips sponsored by private groups last year. Safari Club International paid for a trip to Reno, Nev., and the At-sea Processors Association paid for him to travel from Anchorage to Las Vegas to Washington, D.C. He also went to South Africa as a guest of Alaska Natural Gas to Liquids. The National Rifle Association paid his way to North Carolina, and he went to Dania, Fla., courtesy of the American Maritime Officers Service.

Murkowski and his wife flew to London to attend the World Energy and Mineral Forecast market briefings and then went to Madrid to visit a nuclear plant. BP, Edison Electric and Kennecott Corp. paid for their trip. The American Bankers Association sponsored their trip to West Virginia for the group's annual meeting.

Stevens said he went on no sponsored trips last year.

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