Postal Savings Special Account

(Special Account to Cope with Financial Deregulation)

Profits and Losses

100 million yen

    FY 1998         FY 1999    

Profits
   Investment revenues

20,606

20,844

Total 20,606 20,844

Losses
   Interest on borrowings
   Other expenses
     Funds to compensate for securities sales and
       redemption differences
   Transfer to Postal Services Special Account
     Transfer to cost of business affairs

20,021

330


25

20,378

300


31

Total 20,376 20,709

Profit 230 135



Balance Sheet (as of fiscal year-end)

100 million yen

    FY 1998         FY 1999    

Debits
   Assets
     Deposits in Bank of Japan
     Deposits
     Securities
     Loans to depositors
     Entrusted money
     Unsettled Postal Services Special Account amount
     Accrued income
     Accrued interest on securities purchased
     Transfer to Postal Services Special Account

558,564
86
2,246
456,293
9
93,401
--
6,188
340
1

596,074
89
1,986
481,891
8
105,401
--
6,625
73
1

Total 558,564 596,074

Credits
   Liabilities
     Borrowings for Fund to Cope with
       Financial Deregulation
     Unsettled funds due to Postal Services Special Account
     Accrued expenses
   Reserves

554,967
551,500

26
3,441
3,367

592,342
588,500

9
3,833
3,597

Profit 230 135

Total 558,564 596,074



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