(dollars in millions, except per-share data)

2007

2006

2005

2004

2003

Balances at year-end

Loans to members

$68,798

$49,335

$47,493

$38,980

$34,662

Mortgage loans held for portfolio, net

6,220

6,966

7,652

8,645

8,016

Total assets

101,190

77,376

72,898

61,069

53,158

Total capital

4,285

3,634

3,260

2,761

2,334

For The Year

Net income

$236.9

$216.5

$191.8

$118.9

$68.7

Earnings per share

6.98

6.76

6.72

4.53

2.99

Weighted average dividend rate

5.96%

4.69%

2.82%

1.69%

2.20%

Performance Ratios

Return on average capital

6.47%

6.29%

6.41%

4.46%

3.01%

Return on average assets

0.29%

0.29%

0.29%

0.20%

0.13%

Net interest margin

0.45%

0.47%

0.47%

0.52%

0.55%

(spot balances in millions)

Loans to members

$73,464

$68,798

$64,266

$55,876

$45,801

Mortgage loans held for portfolio, net

6,127

6,220

6,351

6,540

6,750

Total assets

104,643

100,936

95,205

82,183

73,011

Total capital

4,503

4,285

4,081

3,747

3,337

Net income (in thousands)

$57,501

$66,712

$64,202

$52,183

$53,755

EPS

1.40

1.75

1.79

1.70

1.73

Weighted average dividend rate

5.00%

6.00%

6.00%

6.00%

5.83%

Return on average capital

5.24%

6.47%

6.60%

6.29%

6.47%

Return on average assets

0.22%

0.28%

0.29%

0.28%

0.29%

Net interest margin

0.35%

0.43%

0.45%

0.47%

0.46%