Fourth Quarter 2007 Analysis - Unaudited
BALANCE SHEET
| Assets |
Investments |
$1,135,565,981 |
Cash & Equivalents |
54,457,702 |
Loans |
660,203 |
Other Assets |
15,874,934 |
Total Assets |
$1,206,558,820
|
Liabilities |
Notes Payable |
$0 |
Accounts Payable |
35,084,013 |
Accrued Expenses |
5,959,704 |
Member Accounts |
1,089,104,270 |
Total Liabilities |
$1,130,147,987 |
Capital |
Membership Shares |
$48,370,383 |
Reserves |
28,040,450 |
Total Capital |
$76,410,833 |
Total Liabilities & Capital |
$1,206,558,820 |
INCOME STATEMENT
Total Operating Income |
61,528,360 |
Total Cost of Funds |
52,241,300 |
Net Operating Income |
9,287,060 |
Net Operating Expenses |
7,562,182 |
Non-Operating Gains |
0 |
| |
Net Income |
$1,724,878 |
| |
Return on Daily Ave. Net Assets-QTD. |
0.16% |
Return on Daily Ave. Net Assets-YTD. |
0.15% |
Retained Earnings to Daily Ave.
Net Assets |
2.36% |
Capital to Daily Ave. Net Assets |
6.72% |
|
