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1996 Annual Report
Statement of Changes in Capital
For the years ended December 31, 1996 and December 31, 1995
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(in millions) |
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Capital Paid-in |
Surplus |
Total Capital |
| Balance at January 1, 1995 |
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(10,244,349 shares) |
$ 512 |
$ 512 |
$ 1,024 |
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Net income transferred to surplus |
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30 |
30 |
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Net change in capital stock issued |
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(588,751 shares) |
$ 30
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$ 30
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| Balance at December 31, 1995 |
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(10,833,100 shares) |
$ 542 |
$ 542 |
$ 1,084 |
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Net income transferred to surplus |
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338 |
338 |
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Statutory surplus transfer to the U.S. Treasury |
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(15) |
(15) |
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Net change in capital stock issued |
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(6,760,353 shares) |
$ 338
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$ 338
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| Balance at December 31, 1996 |
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(17,593,453 shares) |
$ 880 |
$ 865 |
$ 1,745 |
The accompanying notes are an integral part
of these financial statements.
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