(dollars in millions, except per-share data)

2011

2010

2009

2008

2007

Balances at year-end

Loans to members

$30,605

$29,708

$41,177

$62,153

$68,798

Mortgage loans held for portfolio, net

3,883

4,483

5,163

6,165

6,220

Total assets

51,994

53,387

65,291

90,806

100,936

Total capital

3,663

4,161

3,713

4,135

4,285

For The Year

Net income

$38.0

$8.3

$(37.4)

$19.4

$236.8

Earnings per share

1.05

0.21

(0.93)

0.48

6.98

Weighted average dividend rate

-

-

-

3.64%

5.96%

Performance Ratios

Return on average equity

0.98%

0.21%

(0.98%)

0.45%

6.47%

Return on average assets

0.07%

0.01%

(0.05%)

0.02%

0.29%

Net interest margin

0.30%

0.39%

0.35%

0.29%

0.45%

(spot balances in millions)

Loans to members

$31,446

$26,912

$26,659

Mortgage loans held for portfolio, net

3,727

3,883

4,031

4,131

4,254

Total assets

53,291

51,994

46,829

51,947

52,199

Total capital

3,453

3,663

3,771

3,944

4,061

Net income (in thousands)

$21,780

$10,945

$11,883

$12,679

$2,542

EPS

0.69

0.32

0.34

0.34

0.06

Weighted average dividend rate

0.10

-

-

-

-

Return on average equity

2.51%

1.19%

1.23%

1.27%

0.25%

Return on average assets

0.16%

0.09%

0.09%

0.09%

0.02%

Net interest margin

0.32%

0.34%

0.30%

0.27%

0.30%