Quarterly Net Income

Report Date Net Operating Income
(Billions)
Securities and Other
Gains/Losses, Net
(Billions)
March 31, 2003 27.03 2.49
June 30, 2003 26.88 3.31
September 30, 2003 28.90 1.48
December 31, 2003 30.17 0.95
March 31, 2004 29.86 1.98
June 30, 2004 30.01 1.14
September 30, 2004 30.72 1.73
December 31, 2004 30.61 0.46
March 31, 2005 33.44 0.59
June 30, 2005 32.86 1.48
September 30, 2005 33.90 0.76
December 31, 2005 31.96 0.71
March 31, 2006 36.27 0.63
June 30, 2006 37.54 0.46
September 30, 2006 37.43 0.64
December 31, 2006 33.01 2.39
March 31, 2007 35.29 0.70