197800 CLEARED THROUGH ITS WHOLLY CILWE0 SUBSOIAITY B STUR URNS OFFICE SERVICING YOUR ACCOUNT S m ear. Steams 8 Co. Inc. 8 c/ Your messages Ear Bear, Stearns Securities Corp. Net Capital and Net Capital Requirements: At May 31, 2003 and July 31. 2003. the Company's net capital of approximately $2.4 billion and $3.0 billi