Basis of Presentation

These financial statements reflect the audited results of operations of the United States Postal Service for the years ended September 30, 2009, 2008 and 2007 and our financial position as of September 30, 2009 and 2008. All references to years, unless otherwise stated, refer to our fiscal year beginning October 1 and ending September 30. All references to quarters, unless otherwise stated, refer to quarters within fiscal years 2009 and 2008. We have evaluated all subsequent events through November 16, 2009, the same date that the financial statements were issued.