NOTE 5 – LINES OF CREDIT

The following table shows the composition of the Partnership’s aggregate bank lines of credit in place as of:

	September 28,		December 31,
	2018		2017
2018 Credit Facility	$	500	$	-
2013 Credit Facility		-		400
Uncommitted secured credit facilities		290		290
Total bank lines of credit	$	790	$	690

In November 2013, the Partnership entered into a $400 committed unsecured revolving line of credit ("2013 Credit Facility"), which had a November 2018 expiration date. In September 2018, the Partnership entered into a new $500 committed revolving line of credit ("2018 Credit Facility"), which replaced the 2013 Credit Facility. In accordance with the terms of the 2018 Credit Facility, the Partnership is required to maintain a leverage ratio of no more than 35% and minimum Partnership capital, net of reserve for anticipated withdrawals and Partnership loans, of at least $1,884. In addition, Edward Jones is required to maintain a minimum tangible net worth of at least $1,344 and minimum regulatory capital of at least 6% of aggregate debit items as calculated under the alternative method. The 2018 Credit Facility is intended to provide short-term liquidity to the Partnership should the need arise. As of September 28, 2018, the Partnership was in compliance with all covenants related to the 2018 Credit Facility.

There were no amounts outstanding on the 2018 Credit Facility or the uncommitted lines of credit as of September 28, 2018, and the 2013 Credit Facility or the uncommitted lines of credit as of December 31, 2017. In addition, the Partnership did not have any draws against these lines of credit during the nine month period ended September 28, 2018. For the purpose of testing draw procedures, the Partnership made overnight draws on the uncommitted facility in April and September 2018.