Statements of Changes in Net Capital

Years ended September 30, 2006, 2005 and 2004


blank Capital
Contributions of
U.S. Government
Retained Earnings
(Deficit) Since
Reorganization
Total Net Capital
(Dollars in millions)
Balance, September 30, 2003
$ 3,034
$ (2,168)
$ 866
Net Income
3,065
3,065
Balance, September 30, 2004
3,034
897
3,931
Net Income
1,445
1,445
Balance, September 30, 2005
3,034
2,342
5,376
Net Income
900
900

Balance, September 30, 2006
$ 3,034
$ 3,242
$ 6,276

See accompanying notes to the financial statements