|
Three-Year Financial Highlights
| September 30, |
|
2007 |
|
2006 |
|
2005 |
 |
| (Dollars in thousands) |
|
|
|
|
|
|
|
| Balance Sheet Highlights and Liquidity Analysis |
|
|
|
|
|
|
|
| Funds with U.S. Treasury |
$ |
4,432,600 |
$ |
4,056,500 |
$ |
3,711,400 |
|
| U.S. Government Securities |
$ |
8,735,900 |
$ |
8,358,100 |
$ |
7,921,000 |
|
| Total Assets |
$ |
13,710,700 |
$ |
12,892,700 |
$ |
12,134,600 |
|
| Total Liabilities |
$ |
1,090,200 |
$ |
1,010,500 |
$ |
1,041,700 |
|
| Investment of U.S. Government |
$ |
12,620,500 |
$ |
11,882,200 |
$ |
11,092,900 |
|
| Total RPB Outstanding(1) |
$ |
427,566,299 |
$ |
409,990,230 |
$ |
412,303,791 |
|
| LLR(2) and Investment of U.S. Government |
$ |
13,156,300 |
$ |
12,416,700 |
$ |
11,631,400 |
|
Investment of U.S Government
as a percentage of Average Total Assets |
|
98.91% |
|
94.95% |
|
94.22% |
|
LLR and Investment of U.S. Government
as a percentage of RPB |
|
3.08% |
|
3.03% |
|
2.82% |
|
| Capital Adequacy Ratio(3) |
|
2.98% |
|
2.94% |
|
2.74% |
|
Highlights From Statements of Revenues and
Expenses & Profitability Ratios
Years ended September 30 |
|
|
|
|
|
|
|
| MBS Program Income |
$ |
308,500 |
$ |
300,300 |
$ |
327,500 |
|
| Interest Income |
$ |
482,800 |
$ |
549,000 |
$ |
458,800 |
|
| Total Revenues |
$ |
791,300 |
$ |
849,300 |
$ |
786,500 |
|
| MBS Program Expenses |
$ |
41,900 |
$ |
47,700 |
$ |
58,300 |
|
| Administrative Expenses |
$ |
10,600 |
$ |
10,600 |
$ |
10,600 |
|
| Provision for Loss |
$ |
– |
$ |
– |
$ |
10,000 |
|
| Total Expenses |
$ |
53,000 |
$ |
60,000 |
$ |
71,300 |
|
| Excess of Revenues Over Expenses |
$ |
738,300 |
$ |
789,300 |
$ |
705,200 |
|
| Total Expense as a percentage of Average RPB |
|
0.0127% |
|
0.0146% |
|
0.0165% |
|
| Provision for Loss as a percentage of Average RPB |
|
– |
|
– |
|
0.0023% |
|
| (1) Remaining Principal Balance (RPB) of Ginnie Mae MBSs, and in addition $52.8 million of GNMA Guaranteed Bonds |
| (2) Loan Loss Reserve (LLR) |
| (3) LLR and Investment of U.S. Government divided by the sum of Total Assets and Remaining Principal Balance |
|
