For Rep. William L. Owenss stock portfolio, 2011 was a selling year.
He sold parts of his stakes in nine companies, and made only three purchases, according to a personal finance disclosure he filed this month.
In late June, he sold portions of his stakes in Dodge & Cox International Stock Fund, Fidelity Dividend Growth Fund, Verizon Communications, Intel Corp., Nuance Communications, Duke Energy Corp., Johnson & Johnson, Jones Lang Lasalle Inc. and Southern Co. The transactions were valued at between $1,000 and $50,000 each.
In February, he purchased between $15,001 and $50,000 in Intel Corp. In October, he purchased between $15,001 and $50,000 in Altria Group Inc., the parent company of tobacco manufacturer Philip Morris USA, and the same amount in Avista Corp., an energy company.
Because of a law that Mr. Owens voted to approve this year, each of those transactions will have to be reported within 45 days, instead of on an annual basis, as is the case now. That portion of the law has yet to take effect.
I dont generally do a lot of trading, said Mr. Owens, D-Plattsburgh. As a result, I dont see it having a big effect on me.
One part of the law that has taken effect is the requirement that members of Congress disclose mortgages. Mr. Owens took out a mortgage on 1 Cumberland Ave. in Plattsburgh in 1990 with NBT Bank, according to his disclosure. He owes between $15,001 and $50,000 on that mortgage.
In February 2005, Mr. Owens took out a mortgage for a personal residence in Plattsburgh with NBT Bank. He owes between $500,001 and $1 million on that mortgage.
Mr. Owens earned between $15,001 and $50,000 in a buyout from his former law firm in Plattsburgh and between $15,001 and $50,000 in rent. He earned between $5,001 and $15,000 in NBT common stock dividends and between $50,001 and $100,000 from an independent retirement account with NBT. He also earned between $15,001 and $50,000 in rent from a building partnership.