Invest in Florida Real Estate

Investments in Florida and New York. Opportunities & tax features. AT THE RIGHT TIME

www. Ibcusa1.com100 SE 2nd STREETMIAMI, FL 33139+1(305) 358 4441Executive SummaryIBCs 25 years real estate experience Continuing growth in FloridaFlorida Real Estate trendInvestment opportunitiesCase studies: Bank Of America Tower

IBCs 25 years of experienceEstablished in 1984 in FloridaGlobal investmentUSA officeRussia officeLuxembourg officeInvestment principalFocusing on locating excellent real estate investment opportunities at the right price

Continuing growth in Florida

Single Home price indexSource: US Bureau of Economic AnalysisFrom 2000 to 2030 +28%From 2000 to 2030 +81%Investment highlightsDiscounted prices after the crisisCurrency diversificationLow mortgage ratesContinuing population growthTourism:84,000,000 visitors annuallyHealthy Business Climate: Low regulations, low taxes & right to work law (few unions). Very pro-international climate, dynamic economyAgriculture:1st citrus state, 2nd cattle stateBanking: 3rd largest US CenterMining: $1.92 Bln/year industrial mineral production, fifth in the USATrade: 5 deep water ports & 30+ free trade zonesHigh profile and well-educated population; Many Europeans, wealthy economy

Case studies: Bank of America Tower

Price fluctuations in Florida due to similar economical conditions in the past have caused prudent investors to make substantial profits!Foreign Investment in New York City vs. Florida Real Estate (Generally)Three types of Manhattan Real Estate

Single-Family / Residential Town Homes least commonly available in New York City Co-operatives comprise 75-80% of the available units in New York CityCondominiums Two types of Florida Real Estate Single-Family / Residential Town Homes most commonly available in Florida Condominiums / Homeowners Associations NOTE: Investors will make an analysis as to the more attractive investment and takes personal preferences and the like into consideration. Put generally, from a cost and tax perspective, investments in Florida going forward are likelier to produce better long-run returns.

What is a Co-operative (Co-op) ? Co-ops are on average the cheapest and most common form of real property available for purchase in New York City. However, there are substantial obstacles for foreign buyers interested in buying Co-ops:

Buyer must be approved by Co-op board. Co-ops have almost absolute discretion into who they do or do not allow to purchase in their building. Additionally, Co-op boards do not have to disclose reasons for denial. This could be difficult for foreign buyers as many co-ops require New York employment, prior year U.S. tax returns, and an excellent credit history in the U.S. Extensive regulations which may make Co-op ownership unattractive for owners. E.g. Restrictions on rentals and sub-leases of units, guests, noise, etc. Co-op approval process also limits the pool of possible buyers upon possible sale of unit. Co-op boards usually impose additional flip taxes on the resale of the co-op to discourage speculators (and investors who do not plan on living the co-op on a permanent basis). Although the purchase price is usually 10-20% lower than that of condominiums, the monthly maintenance charges are usually higher. Monthly Expenses in a Co-operativeCo-ops are different from other forms of ownership in that the owner does not own an interest in property but rather shares in the co-operative corporation. The shareholders ownership interest is determined by the size of the unit.

Shareholders (owners) pay a monthly maintenance fee which includes the following: Utilities Building maintenance / Groundskeeping Real Estate taxes Pro-rata share of the corporations mortgage indebtedness.

Shareholders are able to take deductions on their income taxes for their pro-rata share of the corporations mortgage interest expense and real estate taxes. What is a Condominium (Condo) ? Condos are multiple family buildings where one owns an apartment and a corresponding share of common areas. Unlike co-ops there are minimal restrictions, and generally are welcoming of foreign investors. Condos are managed by a Board of Directors, usually composed of residents of the building. Condos are usually higher priced than Co-ops due to the ease of purchase and sale by investor-owners. Monthly Expenses in a Condominium Condo owners also pay a maintenance fee which covers expenses related to the upkeep of the common areas.

Condo owners are usually responsible for the following property expenses in addition to the monthly maintenance fee: Mortgage expenses on the unit. Real Estate property taxes. Utilities (usually electricity).

Cost of Ownership of NYC Real Estate Most common charges: Mortgage Payment (if applicable)Monthly Maintenance FeesAnnual New York City Real Estate Property Taxes. Property Taxes in New York City Four tier class system based on classification/use of property. Tax rates range from 10 17% based on a percentage of market value depending on class.

Property Tax Rates in New York City 2009- 2010 TIERCLASS 1 CLASS 2 CLASS 3 CLASS 4 TAX RATE 17.088% Applied to 6% of market value13.241% Applied to 45% of market value12.743% Applied to 45% of market value

10.426% Applied to 45% of market value

CLASSIFICATION CRITERIA Class 1 : Most single family residences, Condos of three stories or less, vacant land zoned for residential use.

Class 2: all other primarily residential properties not included in Class 1, including Co-ops. Class 3: Real Estate of utility corporations and special franchise properties, excluding land and certain buildings.

Class 4: All commercial real estate. Hotels, stores, warehouses, and any vacant land not classified as Class 1. Listing of Available New York City Property Tax Exemptions STAR New York State School Tax Relief Program (Basic & Enhanced)Senior Citizen Homeowners Exemption (SCHE) Disabled Homeowners Exemption (DHE) Veterans Exemption Military Request for Relief Cooperative and Condominium Tax Abatement Clergy Exemption

Note: for most of these exemptions to apply the owner must use the property as its primary residence and not as an investment property. Closing Fees on Real Estate Purchases (New York City) SELLERBUYER Brokers Commission : 6% Sellers Attorneys Fees: open Applicable Processing Fees : $500 + NYC Transfer Taxes Residential Up to $500K = 1% over $500K = 1.425% Commercial Up to $500K = 1.425% over $500K = 2.625% Deed Transfers $75-165NY State Transfer Tax = $4 / $1,000 of priceNYS Equalization Fee = $75Bank Payoff Fee = $250-500UCC-3 Filing Fee = $100 Condominium / Co-op charges depends on building. Note: For condominiums in new developments, the Purchaser will pay costs normally paid by the Seller. These include Seller attorney fees as well as NY and NYC Transfer Taxes.

Buyers Attorneys Fees: open Application/Processing / Appraisal / Municipal Search Fees = $1000 3000Bank Attorneys Fees Recording Fees = $250-750 Tax Escrow = 2-6 months of property taxes Title Insurance Fees Fee Title = $450/$100K + 15% on 1M or more. Mortgage Title = $130 / $100K mortgage amountMansion Tax = 1% if greater than $1MMNYC Mortgage Tax Less than 500K = 1.80% More than 500K (residential) 1.925% More than 500K (all others) = 2.80% Misc. condo charges - depends on bldg. Pro rated Real Estate Taxes and Condo maintenance for month of closingCost of Ownership of Florida Real Estate Most common charges: Mortgage Payment (if applicable)Monthly Maintenance Fees (if owning a condominium) Annual County Real Estate Property Taxes. Property Taxes in Florida Based on a millage rate calculation based on the assessed value which adjusts yearly subject to any applicable assessment limitations and/or exemptions.

Millage rates vary depending on the county. Selected rates (2009) Miami-Dade County : 14.276 mills Broward County : 13.902 millsPalm Beach County: 15.037 mills Collier County (Naples): 9.5642millsHillsborough (Tampa): 14.573 millsProperty Tax Rates in Florida 2009-2010Formula for Determining Florida Property Tax

Just Value (market value) Assessment Limitations (e.g. Save Our Homes) = Assessed Value

Assessed Value Applicable Exemptions (e.g. Homestead) = Taxable Value

Taxable Value X Millage Rate = Total Tax Liability

Example: Assume Homestead A has a market value of $400,000, an accumulated $100,000 in Save Our Homes protections, a Homestead Exemption of $50,000, and the millage is 5 mills:

$400,000 $100,000 = $300,000$300,000 $50,000 = $250,000$250,000 X .005 = $1,250 (Total Property Taxes)

NOTE: Some local Florida cities or villages may have additional property taxes that are beyond the scope of this presentation.

Listing of Available Florida Property Tax Exemptions Homestead Exemption Up to $50,000$500 Widow's and Widower's Exemption$500 Disability Exemption$5,000 Disability Exemption for Ex-Service Member$500 Exemption for Blind PersonsService Connected Total and Permanent Disability ExemptionExemption for Totally and Permanently Disabled PersonsAdditional Homestead Exemption for Persons 65 and OlderHomestead Property Tax Discount for Veterans Age 65 and Older with a Combat Related DisabilityHomestead Tax DeferralInstallment Payment of Property TaxesPersonal Property

Note: for most of these exemptions to apply the owner must use the property as its primary residence and not as an investment property.

Closing Fees on Real Estate Purchases (Florida) SELLERBUYER Brokers Commission : varies 3-6% Sellers Attorneys Fees: open Title Abstract Search: $195 Florida Recording FeesDocument Recording = $10/ first page ; $8 .50each additional page. Document Stamp Tax Miami Dade = .60% ( 60 mills) Other FL counties = .70% (70 mills)

Lien Search = $90-150Bank Payoff Fee = $250-500Courier / Wire/ Settlement Fees = $500 Condominium / Co-op charges depends on building. Note: For condominiums in new developments, the Purchaser may pay costs normally paid by the Seller. These include Seller attorney fees as well as Florida transfer taxes.

Buyers Attorneys Fees: open Title Binder - $195 Courier / Wire/ Post- Closing Admin Fees = $300 Florida Recording FeesDocument Recording = $10/ first page ; $8.50 each additional page. Mortgage Document Stamps = .35% x amount of mortgage amount. Millage rate depends on county. (35mils is the Dade County Rate.) Intangible Tax = .20% ( 20 mills) based on loan amount.

Tax Escrow = 2-6 months of property taxes Title Insurance Fees TBD based on promulgated rate which is $5.75/ $1,000 of sale price. Misc. condo charges - depends on bldg. Pro rated Real Estate Taxes and Condo maintenance for month of closingTax Consequences on Sale of United States Real Property The United States has two levels of taxation, one at the federal level and one at the State and local level. Local real property taxes (as outlined in the earlier slides) are paid at the state and local level. However, there are federal tax consequences for owners of real property located in the United States upon ultimate sale or disposition. The federal tax consequences also depend on the immigration / residency status of the owner. There are a different set of tax rules and rates that are available to the owner depending on whether he/she is considered a resident of the United States for tax purposes. Finally, tax rates also depend upon the form of ownership, and therefore, it is advantageous for the foreign purchaser of U.S. real estate to engage in tax planning in order to minimize the non-residents U.S. tax burden and reporting exposure. United States Taxation of Foreign Investment in United States Real Estate Taxation as a non-resident alien is based on three distinct concepts:

1. The nature and source of the taxpayers' income

2. The taxpayers' activities in the United States

3. The relationship between its income and its U.S. activities, i.e. whether its income is "effectively connected" with a U.S. trade or business.

In broad outline, foreign persons are taxed at

1) flat rate of 30% percent on the gross amount of their U.S. source passive investment (rental) income, known as "fixed or determinable" income and

2) at full graduated rates as those levied on U.S. residents on net business profits known as "income effectively connected with the conduct of trade or business in the United States." detailed examination of these issues is beyond the scope of this presentation but the following chart should give a useful explanation:

United States Non-Resident Alien Taxation Scheme Category of IncomeEffectively Connected w/ U.S. Trade or BusinessNot Effectively Connected w/ U.S. Trade or Business Capital Gains Net Income taxed at US Individual Income Tax RatesNo US Tax unless the individual is in the US for 183 days or is deemed a U.S. resident.

Fixed or Determinable Income (Rental Income) Net Income taxed at US Individual Income Tax RatesGross Income Taxed at Flat 30% rate.

U.S. Real Property GainsNet Income taxed at US Individual Income Tax RatesTreated as Effectively Connected Income

Other IncomeNet Income taxed at US Individual Income Tax RatesTreated as Effectively Connected Income

United States Taxation Scheme for Foreign Corporations Category of IncomeEffectively Connected w/ U.S. Trade or BusinessNot Effectively Connected w/ U.S. Trade or Business Capital Gains Net Income taxed at US Corporate Income Tax RatesNo U.S. Tax.

Fixed or Determinable Income (Rental Income) Net Income taxed at US Corporate Income Tax RatesGross Income Taxed at Flat 30% rate.

U.S. Real Property GainsNet Income taxed at US Corporate Income Tax RatesTreated as Effectively Connected Income

Other IncomeNet Income taxed at US Corporate Income Tax RatesTreated as Effectively Connected Income

Tax Treatment of Gains and Losses of Foreign Taxpayers on Disposition of U.S. Real Property Interests (USRPI)Gains and losses of a USRPI are treated as effectively connected with a U.S. trade or business.

Under I.R.C. 897 these gains or losses are taxed at regular U.S. rates as if the taxpayer were a U.S. resident.

USRPI also includes interests in any U.S. corporation that qualifies as a U.S. Real Property Holding Corporation (USRPHC) at any time during the previous five years while owned by a foreign person. See I.R.C. 897(c).

USRPHC is defined by the degree of concentration of the entitys holding of U.S. real property. See I.R.C. 897(c)(2). More than 50% of the fair market value of its combined holdings of real property worldwide and assets used in the conduct of a trade or business.

Note: A Foreign corporation, even if loaded with U.S. real property (and hence a USRPHC) is NOT a USRPI. Sales of the foreign corporations stock are not subject to U.S. tax. Regardless, the foreign corporation will eventually be taxed upon the actual disposition of the property. Therefore use of a foreign corporation to hold U.S. real estate offers a deferral of U.S. taxation on the appreciation of the property. (i.e. one can transfer the shares tax free indefinitely but will be taxed under I.R.C. 897(d) upon final sale of the property .)

Other Taxation Issues of Interest to Non Resident Aliens and Corporations holding U.S. Real Property FIRPTA - Withholding Regime The disposition of a U.S. real property interest by a foreign person (the transferor or seller) is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding.

Persons purchasing U.S. real property interests (transferee or buyer) from foreign persons, certain buyers agents, and settlement officers are required to withhold ten percent (10%) of the amount realized (gross amount).FIRPTA Exceptions to the Withholding RequirementWithholding can be avoided if the Buyer receives from the Seller an affidavit that the transferor is not a foreign person, or if a U.S. corporation, is not U.S. Real Property Holding Corporation (USRPHC).

No withholding if shares of the U.S. corporation are traded on an established securities market.

If the transaction meets any of the special rules in I.R.C. section 1445(e) on distribution of U.S. real property by U.S. corporations, partnerships or trusts. Availability of Tax Planning Services for Foreign Investors in U.S. Real Estate As one can see, the purchase of U.S. real property by a foreign investor is a complicated process. Not only does the investor have to consider the location of the investment, but also in what manner to own the investment. Should it be an as individual ? A corporation ? A partnership ? A trust ? A combination of one or more of these forms? The differences in tax burden between the various forms can be staggering.

This is a complicated undertaking. The form in which an investor holds an investment, if not properly counseled, can entail a variety of tax reporting and tax payment consequences which the foreign investor may not have anticipated.

Therefore, it is imperative that the foreign investor consult with qualified U.S. tax and legal advisors to best tailor an individualized solution to their U.S. investment needs that takes into account all the investors business and personal needs both from the U.S. and home country perspective.Headquarters

Miami Tower,100 S.E. 2nd Street, Suit 2222Miami, FL, 33131 USATel: +1 (305) 358-4441Fax: + 1 (305) 358-1144Email: IBCUSA1@aol.com

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Chart1205.38191.51187.17194.63209.68195.69189.72197.64215.69199.94192.83200.97221.93201.96194.83203.53227.33204.52196.52205.89233.83207.16198.1208.09239.3209.62199.87210.35245.48211.06202.02212.71251.1213.25204.41215.24256.23214.66206.92217.78260.37215.96209.52220.22264.23216.66212.22222.34268.01217.13213.47223.89271.41218.11214.85225.32274.29218.17214.96225.82277.14218.07215.72226.25279.2217.56216.14226.26278.9216.4216.04225.45278.76215.69215.34224.8277.09215.07214.09224.04277.22214.55213.74223.42278.12214.24213.57223.35279.5213.98213.46223.3280.08213.5213.38222.75278.92214.07212.75222.7278.93213.56212.85222.35277.15213.51213221.81274.49212.37212.39220.32270.22210.25211.06218.71265.7207.78209.55216.53260.77206.77208.48214.98255.57205.82206.93213.17249.68204.53206.08211.06243.68200.76204.84208.41237.2195.53203.67204.64230.94190.34201.74200.95224.86185.81200.43197.28218.23177.03198.61192.22209.09170.49197.06188201.23165.48195.48184.61193.82162.26194.73181.94190.5158.46194.69179.77187.11155.46193.82177.57183.68149.61193.25175.49178.8144.1191.37171.96172.94138.52189.02168.56169.01135.29185.89165.43164.42130.86183.15162.29158.61125.79180.95158.93153.88122.18178.11155.93148.91119.28174.01153146.42119.12171.18151.45145.12119.84171.23151.42145.9123.6171.41152.55

FL-MiamiCA-San FranciscoNY-New YorkComposite-10

Sheet1FL-MiamiCA-San FranciscoNY-New YorkComposite-10YEARMIXR-SASFXR-SANYXR-SACSXR-SAJanuary 198768.5546.9674.6863.1February 198768.9247.376.0463.8March 198769.3947.8477.2464.43April 198769.4647.9878.2865.06May 198769.7548.3179.6865.82June 198769.4748.6180.8466.48July 198769.6449.0881.767.12August 198769.849.5482.2267.71September 198770.5750.2482.3868.35October 198771.0250.9983.1668.99November 198771.4251.6483.6869.57December 198771.4652.2384.570.31January 198871.6852.784.3270.76February 198871.8353.284.4971.24March 198872.3553.8784.4871.74April 198872.7254.5384.6972.2May 198873.156.0784.7672.76June 198873.7157.8884.673.5July 198874.1158.1784.574.34August 198874.6858.584.5975.09September 198875.2558.9484.5875.82October 198875.659.9584.4876.43November 198875.9661.1184.4977.08December 198876.2262.4784.3877.68January 198976.5863.2984.4878.33February 198976.9964.0684.2778.9March 198977.1865.5684.1979.82April 198977.5566.783.8880.44May 198977.5767.783.4980.83June 198977.8168.7882.9581.07July 198978.0469.5982.1781.14August 198978.2670.7281.9481.4September 198978.2571.5981.5481.62October 198978.3872.4381.7981.94November 198978.3273.0281.5582.23December 198978.7273.3981.3482.47January 199079.1773.6481.0482.65February 199079.6773.8280.9882.73March 199079.5374.680.8182.76April 199079.4475.0780.2182.68May 199079.6875.0279.5582.33June 199079.8674.5978.9381.99July 199080.0374.0578.381.57August 199079.8773.7577.5581.17September 199079.6773.4876.6880.77October 199079.4472.9176.3180.36November 199079.5572.3775.8879.91December 199079.3571.8675.6279.52January 199179.0271.9474.7478.87February 199178.7271.1374.1178.34March 199178.7370.6173.5877.71April 199178.7469.9173.0577.45May 199178.2470.0173.0977.6June 199178.5270.2873.4677.81July 199178.6370.6673.9178.09August 199179.3970.8374.2478.25September 199179.0770.8274.3978.27October 199179.170.7174.5678.24November 199179.0770.5374.6278.15December 199178.9870.4574.7778.15January 199279.0370.474.7678.07February 199278.6670.3474.8278.08March 199278.9370.1974.9678.01April 199279.1769.6975.1777.95May 199279.6669.7375.1577.89June 199279.7969.4975.0677.7July 199278.0669.2774.9677.43August 199277.8268.9675.1177.31September 199277.4668.8175.0977.15October 199279.3368.8375.0577.03November 199279.568.7575.1976.96December 199279.8568.5875.476.86January 199379.8568.4575.7476.89February 199380.0468.2975.8976.85March 199380.0268.0775.9976.6April 199380.3367.9976.0776.4May 199380.9667.7676.1476.27June 199381.3567.4776.3376.26July 199381.866.9376.3276.09August 199382.0366.9576.2875.9September 199382.3566.8376.3375.87October 199382.6166.7776.575.81November 199382.4866.7276.7475.9December 199382.7166.6376.875.91January 199483.3666.6376.8576.06February 199484.3566.6576.9176.23March 199485.1767.3277.2476.41April 199485.0767.4277.5976.58May 199485.0667.5477.9776.69June 199485.2967.6178.0676.77July 199485.6567.6478.2476.87August 19948667.6878.3476.94September 199486.1667.5478.4176.97October 199486.2667.7978.4577.1November 199486.5268.0578.3877.13December 199486.8468.3178.4977.21January 199586.9268.4278.5777.2February 199586.7168.3278.7877.28March 199586.7567.7378.5777.06April 199586.7167.4178.4576.88May 199586.8267.1178.4376.77June 199586.9666.9278.4376.66July 199586.9566.9678.4576.7August 199587.2667.0278.4476.75September 199587.2467.1178.5176.82October 199587.4566.9778.6776.86November 199587.3966.9178.7476.88December 199587.5266.8578.8576.92January 199687.4366.8878.9576.99February 199687.5266.979.2277.12March 199687.1666.8179.577.17April 199687.3466.6979.6177.34May 199687.4666.7879.7877.47June 199687.5767.0279.3777.47July 199687.8367.2279.4377.51August 199687.8467.5479.5677.61September 199687.9867.879.7677.75October 199687.9468.2679.8977.95November 199688.1268.9479.9278.18December 19968869.2180.278.38January 199788.0669.6480.4478.58February 199788.0769.8480.678.72March 199788.3470.6480.5978.99April 199788.5571.2680.6779.25May 199788.6671.7980.9579.53June 199788.7572.3181.3979.91July 199788.8172.881.7880.22August 199788.8973.5781.9480.61September 199789.1774.1182.0680.91October 199789.5975.0482.3481.42November 199789.9275.6882.8281.96December 199790.3376.583.2782.59January 199890.7277.283.7383.27February 199891.0677.6884.4183.97March 199891.1478.3184.9484.62April 199891.2379.1385.4285.18May 199891.4480.2185.9885.86June 199892.0381.3986.4886.63July 199892.6682.3887.1687.43August 199892.9183.5287.6688.14September 199893.0784.4488.2388.85October 199893.1484.9688.7489.35November 199893.3985.1689.2689.74December 199893.5785.489.5690.14January 199993.9486.2389.8690.72February 199994.4387.2290.5291.43March 199995.1288.2991.2892.13April 199995.8589.0992.2793.04May 199996.1789.979393.75June 199996.0791.2894.0394.64July 199996.7992.8994.9495.5August 199997.2894.2896.0296.38September 199997.8995.696.7997.2October 199997.9596.7697.5997.98November 199998.5798.5198.498.91December 199999.32100.0399.3699.87January 200099.94101.45100.34100.75February 2000100.47104.17101.24101.89March 2000101.08107.34102.06103.15April 2000102.01110.63103.13104.52May 2000102.74113.8104.91106.01June 2000103.4116.81106.06107.32July 2000103.7117.87107.02108.17August 2000104.36119.05108.02109.07September 2000105.12120.41108.83110.03October 2000106.1123.25109.79111.18November 2000107.43126.45110.64112.52December 2000108.66130.07111.85113.94January 2001110.24133.04112.94115.44February 2001111.05135.07114.25116.68March 2001112.26134.93115.31117.72April 2001113.52133.85116.36118.49May 2001114.77132.65116.97118.95June 2001115.9130.84118.07119.48July 2001117.14129.29119.23120.11August 2001118.3128.33120.59120.96September 2001119.54128.19121.99121.95October 2001121.1128.21123.1122.82November 2001122.73127.68124.41123.65December 2001123.77126.85124.6124.03January 2002124.5126.85125.39124.83February 2002125.36127.61126.1125.75March 2002126.65129.54127.3127.02April 2002128.07132.1128.68128.52May 2002129.79134.72130.47130.34June 2002131.56137.57132.48132.19July 2002133.49139.38134.86134.11August 2002134.93141.12137.02135.97September 2002136.61141.87138.84137.61October 2002138.29142.84140.81139.39November 2002139.88143.66142.86141.04December 2002141.73143.84144.96142.58January 2003143.79143.74146.64143.87February 2003145.74143.83147.94145.03March 2003147.38143.89149.16146.09April 2003148.64144.27150.29147.09May 2003149.75144.32151.46148.17June 2003150.7144.85152.22149.09July 2003152.78146.2153.29150.66August 2003155.13147.84154.56152.49September 2003157.12149.7156.41154.68October 2003159.14151.63158156.86November 2003160.83153.81160.05159.23December 2003162.66156.03161.97161.68January 2004164.86157.83163.65164.02February 2004166.83159.85165.44166.38March 2004170.25162.01167.32169.36April 2004172.95164.41169172.36May 2004176.49166.68171.06175.47June 2004179.79169.83173.29178.76July 2004183.34172.17175.65181.55August 2004186.91174.67177.52183.69September 2004190.53177.22179.25185.62October 2004193.7180.29181.21187.58November 2004197.25183.5183.02189.63December 2004201.01187.23184.73191.85January 2005205.38191.51187.17194.63February 2005209.68195.69189.72197.64March 2005215.69199.94192.83200.97April 2005221.93201.96194.83203.53May 2005227.33204.52196.52205.89June 2005233.83207.16198.1208.09July 2005239.3209.62199.87210.35August 2005245.48211.06202.02212.71September 2005251.1213.25204.41215.24October 2005256.23214.66206.92217.78November 2005260.37215.96209.52220.22December 2005264.23216.66212.22222.34January 2006268.01217.13213.47223.89February 2006271.41218.11214.85225.32March 2006274.29218.17214.96225.82April 2006277.14218.07215.72226.25May 2006279.2217.56216.14226.26June 2006278.9216.4216.04225.45July 2006278.76215.69215.34224.8August 2006277.09215.07214.09224.04September 2006277.22214.55213.74223.42October 2006278.12214.24213.57223.35November 2006279.5213.98213.46223.3December 2006280.08213.5213.38222.75January 2007278.92214.07212.75222.7February 2007278.93213.56212.85222.35March 2007277.15213.51213221.81April 2007274.49212.37212.39220.32May 2007270.22210.25211.06218.71June 2007265.7207.78209.55216.53July 2007260.77206.77208.48214.98August 2007255.57205.82206.93213.17September 2007249.68204.53206.08211.06October 2007243.68200.76204.84208.41November 2007237.2195.53203.67204.64December 2007230.94190.34201.74200.95January 2008224.86185.81200.43197.28February 2008218.23177.03198.61192.22March 2008209.09170.49197.06188April 2008201.23165.48195.48184.61May 2008193.82162.26194.73181.94June 2008190.5158.46194.69179.77July 2008187.11155.46193.82177.57August 2008183.68149.61193.25175.49September 2008178.8144.1191.37171.96October 2008172.94138.52189.02168.56November 2008169.01135.29185.89165.43December 2008164.42130.86183.15162.29January 2009158.61125.79180.95158.93February 2009153.88122.18178.11155.93March 2009148.91119.28174.01153April 2009146.42119.12171.18151.45May 2009145.12119.84171.23151.42June 2009145.9123.6171.41152.55July 2009

Sheet1000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000000

FL-MiamiCA-San FranciscoNY-New YorkComposite-10

SAAZ-PhoenixCA-Los AngelesCA-San DiegoCA-San FranciscoCO-DenverDC-WashingtonFL-MiamiFL-TampaGA-AtlantaIL-ChicagoMA-BostonMI-DetroitMN-MinneapolisNC-CharlotteNV-Las VegasNY-New YorkOH-ClevelandOR-PortlandTX-DallasWA-SeattleComposite-10Composite-20YEARPHXR-SALXXR-SASDXR-SASFXR-SADNXR-SAWDXR-SAMIXR-SATPXR-SAATXR-SACHXR-SABOXR-SADEXR-SAMNXR-SACRXR-SALVXR-SANYXR-SACEXR-SAPOXR-SADAXR-SASEXR-SACSXR-SASPCS20R-SAJanuary 198759.4354.7946.9650.3564.4168.5577.4454.2170.2763.5666.4274.6854.0641.363.1February 198759.8955.2247.350.1665.1368.9278.155.2370.6464.0367.5776.0454.2341.4463.8March 198760.455.4947.8450.386669.3977.6954.8171.0564.1167.8577.2454.3741.4264.43April 198761.3256.0547.9850.7466.6469.4677.8254.871.4164.8968.1978.2854.1641.2765.06May 198762.0356.4648.3150.7667.4469.7577.9755.4871.8865.2267.9379.6854.7341.465.82June 198762.7856.7948.6150.4368.5269.4778.6856.0672.365.5666.880.8454.8841.4366.48July 198763.4657.0849.0850.269.3969.6478.9957.1172.6265.7265.7681.755.2941.5667.12August 198764.1357.3849.5450.1270.2569.878.9557.6173.1665.8765.0382.2255.4441.667.71September 198764.8957.8450.2450.0671.470.5779.0458.2773.7566.2765.2882.3855.8441.5468.35October 198765.7758.350.9950.1572.3271.0278.8759.0174.0166.5965.5183.1656.1341.6368.99November 198766.7158.951.6449.7373.1671.4279.0259.7174.4267.1266.5383.6856.4641.5769.57December 198767.7859.452.2349.8573.5971.4679.3661.0874.5867.3866.4984.556.6141.870.31January 198868.7860.0252.749.5574.471.6879.561.9774.6667.7866.784.3256.9941.8470.76February 198869.7160.4953.249.4975.2971.8379.4363.4574.5967.5366.4384.4957.2241.6671.24March 198870.761.2853.8749.0676.3972.3579.2464.5174.4867.9666.7684.4857.942.2471.74April 198871.4861.4454.5348.7477.372.7279.6665.1574.5367.9367.4384.6958.0742.4372.2May 198872.4861.8556.0748.3578.3873.179.9565.5774.8167.9967.5884.7658.2642.7472.76June 198874.3961.4457.8848.1779.3473.7180.1866.467568.1367.5384.658.9642.7173.5July 198876.9264.5958.1748.2280.7874.1180.5166.5575.0368.5767.6584.559.2242.8474.34August 198878.6765.2958.548.2581.9374.6880.7167.7574.8469.4267.9584.5959.6343.275.09September 198880.6166.0858.9448.2183.1675.2580.6368.0274.7169.7168.4684.5859.8943.4375.82October 198882.3867.1859.9548.0383.6775.680.7369.0374.669.8968.4684.4860.3343.7476.43November 198884.4168.4361.1147.7584.6375.9680.6168.6574.6469.6468.1484.4960.7343.9577.08December 198885.8269.8362.4747.4485.9376.2280.968.5174.769.8567.8384.3861.3144.2177.68January 198967.5787.4771.1763.2947.4786.8776.5880.5668.3374.5263.4969.9268.7884.486244.4878.33February 198967.6288.7772.7664.0647.4587.876.9980.9969.0175.1763.1570.3369.6484.2762.0744.878.9March 198967.9291.1574.4865.5647.5388.6277.1881.6170.0775.5562.6970.6270.4884.1962.174579.82April 198967.9793.0175.8166.747.4789.3377.5581.9770.6575.3963.0870.887083.8861.9745.3580.44May 198968.0794.5777.0567.747.689.7877.5782.3570.5175.0463.1871.2269.7983.4962.6445.6180.83June 198967.795.5178.1468.7847.6190.277.8181.9670.5274.5263.7471.4871.5582.9562.8346.0281.07July 198967.3496.2579.0369.5947.590.7178.0481.8770.3374.1863.5671.6671.7782.1763.2746.2681.14August 198966.9596.6680.170.7247.4891.3778.2681.2470.3773.4463.871.6172.3981.9463.8846.5981.4September 198966.8297.281.171.5947.691.9378.2581.6770.1873.0163.8971.6872.7981.5464.3146.9381.62October 198966.5697.8882.0672.4347.992.1978.3881.9470.0672.7264.1271.8273.4681.7964.7247.3581.94November 198966.499982.7173.0248.1192.3878.3282.369.8772.9964.472.2974.2681.5564.5747.7682.23December 198966.599.7783.5773.3948.2192.8478.7282.1569.687364.3972.5874.8681.3465.248.7182.47January 199066.58100.4784.0873.6448.2493.3679.1782.4369.3673.164.2272.8475.5681.0465.3749.6558.8982.65February 199066.7100.7684.7473.8248.3693.6679.6782.7468.772.8764.0173.0175.6480.9865.9850.5760.9682.73March 199066.64100.9985.1374.648.593.6179.5383.1268.972.1964.2373.1676.680.8166.350.7762.9582.76April 199066.78100.9985.5575.0748.5293.5979.4482.7569.4871.6564.4773.4677.2780.2166.9251.4665.4682.68May 199066.59100.3985.7475.0248.4793.1179.6882.727070.6964.673.677.8579.5567.0652.0766.5582.33June 199066.6100.1185.7574.5948.5892.6379.8682.4470.2569.9964.5874.0478.7378.9367.6153.3967.4281.99July 199066.499.5185.5974.0548.6692.2380.0382.6370.6669.3664.3473.9279.6578.367.9254.4367.5881.57August 199066.2699.0585.3473.7548.6791.8479.8782.4370.5868.964.0873.9980.5877.5568.2455.5667.8581.17September 199065.9498.4385.2273.4848.7691.4379.6782.0870.9468.664.1573.898176.6868.3856.6367.5180.77October 199065.819884.9272.9148.6791.2679.4481.6770.7268.0864.4273.9281.5576.3168.4757.0167.2580.36November 199065.3897.1184.6572.3748.7591.0179.5581.5170.9667.1264.3973.581.3875.8868.6857.0966.9379.91December 199065.4596.5584.0371.8648.7390.9479.3581.7870.7566.1964.5473.5181.775.6268.7956.8266.7779.52January 199165.2895.5783.4871.9448.9489.7179.0281.9469.6270.8465.3158.4264.6273.4381.0974.7468.8156.7866.2678.87February 199165.4894.782.5671.1348.9889.2678.7282.1269.4771.164.7558.1364.5473.3582.0674.1168.8157.3265.6178.34March 199164.7993.7781.670.6149.0688.2178.7381.5569.3270.9464.4558.1564.4172.9682.1573.5869.0658.6365.1377.71April 199164.6393.7481.2169.9149.3187.9278.7481.5569.7271.2464.0358.2264.2973.1882.2473.0569.558.7765.4577.45May 199164.5193.9181.5370.0149.5588.6578.2481.2869.871.464.0958.5164.6373.3782.3573.0969.8959.0765.7577.6June 199164.9394.0681.8970.2849.8988.9478.5281.6670.0571.3264.0658.8164.8373.4382.2773.4670.1859.3366.0777.81July 199165.3294.2882.170.6650.3388.9978.6381.7269.9171.5864.0159.0465.3973.3783.3473.9170.5559.5866.2578.09August 199165.5694.2681.9470.8350.5188.6179.3981.8970.0971.7964.159.1965.6873.2383.6474.2470.6559.7266.3478.25September 199165.7494.0981.6670.8250.6588.4979.0781.5270.0471.9764.1459.296673.284.8674.3970.9759.8166.4178.27October 199165.7293.8881.6670.7150.8388.4279.181.470.1472.1864.1159.5465.6473.4182.9974.5671.0760.2966.1778.24November 199166.0893.4781.4570.5351.0488.6779.0781.5870.1272.3763.8659.6365.6773.6881.5874.6271.2260.3866.1878.15December 199166.0493.1481.3470.4551.3288.4778.9881.8170.0173.0163.8159.7665.8773.8382.8374.7771.2561.2266.0878.15January 199266.0492.7980.8670.451.5288.5779.0381.6870.0773.4263.5659.7566.0973.6783.0474.7671.761.6766.3278.07February 199266.0792.5780.5770.3452.2888.2278.6680.7670.1773.7263.5659.8466.5473.6683.574.8272.0661.9966.4878.08March 199266.1191.9180.6970.1953.0788.6478.9380.4270.2373.8963.8160.0866.7773.5183.1274.9672.6462.1766.8178.01April 199266.0991.4480.6869.6953.5888.8479.1780.7270.2273.2364.460.5366.9473.5583.0175.1772.5562.1267.2477.95May 199266.1490.8780.4569.7353.888.9879.6681.0470.3973.4264.3560.7866.9773.5583.2175.1572.6462.3767.377.89June 199266.1390.1779.9169.4953.9588.8779.7981.1370.574.1364.1560.8467.273.5483.1375.0672.7762.4767.3277.7July 199266.189.4979.5769.2754.1488.578.0680.6371.0874.963.9460.967.2673.8782.7774.9672.8662.5967.3277.43August 199266.1788.9379.2768.9654.3988.4877.8280.3971.1374.9863.9761.0567.3974.0582.475.1173.1763.0667.1177.31September 199266.2488.3279.0468.8154.7288.4177.4680.3471.2975.2463.961.2567.4174.4282.4775.0973.4663.4966.977.15October 199266.4387.3678.1668.8354.8288.5979.3381.3171.0375.5564.0361.2467.774.2582.9675.0573.7963.9467.4377.03November 199266.586.6477.9268.7555.2488.6779.581.771.3675.9164.0361.2767.9374.3483.3175.1974.0864.6767.5976.96December 199266.6885.8277.4868.5855.688.8179.8581.5871.4375.8564.4761.4268.0574.4782.8975.474.3864.9367.8576.86January 199366.8785.2577.6568.4556.1389.0779.8581.5171.5376.0164.8661.5668.1674.6782.5675.7474.865.2268.2176.89February 199367.0284.6676.9968.2956.4389.2880.0481.5471.5376.0164.9561.6868.0274.8283.0175.8974.865.4268.6576.85March 199367.3783.6276.6268.0756.9589.4480.0282.171.7576.2264.8261.768.5374.7983.275.9974.9565.8668.7976.6April 199367.5382.7975.9167.9957.1588.9480.3382.4972.2376.3264.7161.9368.8974.7382.876.0775.0166.5668.2976.4May 199367.8582.0475.5567.7657.5788.4880.9682.5972.6376.6964.8362.2569.374.7381.9676.1475.3867.0967.8676.27June 199367.9981.4375.0567.4758.1888.6581.3582.2972.8377.2965.1562.6769.375.0781.9276.3375.6567.7667.5876.26July 199368.380.5774.4966.9358.8188.8281.882.2773.1277.5565.5262.9669.5775.2981.9976.3275.9868.1767.5576.09August 199368.4579.4874.1866.9559.5388.9282.0382.6173.2777.6365.7363.2369.8675.3682.476.2876.1168.2368.0175.9September 199368.9979.0574.2766.8360.1488.7982.3583.3673.5877.8165.8563.470.4975.4282.8876.3376.5868.6868.7275.87October 199369.2978.3874.2666.7760.8488.6282.6183.6773.7778.1165.8863.7770.8175.7283.1476.576.9969.2269.1575.81November 199369.878.2374.3166.7261.4388.5182.4883.4473.9978.4366.2264.1871.2276.3283.7476.7477.6570.1269.6675.9December 199370.1377.5774.1166.6362.2488.8482.7182.8874.3779.1166.5264.3971.2176.8683.876.878.2670.6669.975.91January 199470.677.474.2766.6362.8288.9983.3682.9474.7680.1966.8264.5371.9277.1483.9776.8578.7971.1270.5776.06February 199471.0377.4474.1166.6563.4889.0284.3583.4975.3680.1767.0764.6672.3777.2983.7676.9179.0371.5970.4176.23March 199471.4377.2674.0167.3263.9489.3185.1783.9675.4780.0867.4765.0873.2377.4584.0877.2479.1472.2370.3876.41April 199471.9277.0974.0267.4264.5589.4885.0783.9175.5280.2168.0365.2673.1477.6884.477.5979.1672.7370.6676.58May 199472.2276.6774.2567.5465.0589.7985.0683.9875.7880.5767.9365.6273.1477.8785.4477.9779.5273.4271.2276.69June 199472.4876.4474.4467.6165.6190.0985.2983.9676.0580.6268.1365.9672.9178.285.9378.0679.7173.8671.4176.77July 199472.8776.4174.5567.6465.9690.1885.6584.7176.3980.6668.1666.3872.6778.6286.2978.2479.974.5571.4876.87August 199473.2776.4174.1967.6866.390.088685.0276.5880.9168.2966.7372.7679.1486.0778.3480.1575.0871.3776.94September 199473.7776.4373.7167.5466.5290.0586.1685.0976.6981.1868.4467.0472.8379.686.1778.4180.3275.6371.4776.97October 199474.1476.5573.7367.7966.8690.0486.2684.8177.1281.6268.6667.3273.0379.7986.2878.4580.6775.8271.777.1November 199474.4576.4773.4668.0567.1890.1486.5284.8377.5681.7268.7967.573.1879.8986.5478.3881.1276.087277.13December 199474.976.3973.4468.3167.5889.9586.8485.2978.0481.8668.7867.9472.980.2387.2278.4981.3576.3272.1277.21January 199575.2276.3873.0568.4267.9589.6786.9285.9878.2381.8868.7968.9773.3480.6887.3278.5781.677.1672.577.2February 199575.676.0273.1668.3268.3189.686.7185.8878.5582.1569.0170.8373.9681.2287.5978.7881.677.557277.28March 199575.6775.787367.7368.689.486.7585.7178.5982.2869.1370.7474.7881.2587.7478.5781.8578.471.9677.06April 199575.9275.3672.9267.4168.7389.1386.7185.7278.6182.3568.9870.1975.1281.5988.2778.4582.2278.1671.5576.88May 199576.2275.1272.5367.1169.1688.9386.8285.8578.5882.3269.0970.2775.4381.8288.1578.4382.4978.471.5776.77June 199576.7974.5672.166.9269.3788.6786.9686.4178.6382.5269.3970.5675.5882.3888.0378.4383.2279.1671.4376.66July 199577.1474.572.0966.9669.8288.5786.9586.6178.9382.8569.770.9175.8282.8987.9278.4583.1379.971.9876.7August 199577.4574.2872.1467.0270.1688.6587.2686.8579.3283.1170.0371.3776.0683.4388.3378.4483.6780.9172.3476.75September 199577.674.1972.1967.1170.788.887.2486.9279.6783.4370.1271.9476.2384.0888.6578.5183.8881.2572.6176.82October 199578.0274.0972.1166.9771.0688.7687.4587.179.9883.5170.1472.3975.784.588.9278.6784.3481.7872.876.86November 199578.3974.0371.766.9171.3688.6587.3987.2780.1683.8870.1172.8975.984.989.0178.7484.4481.9772.9676.88December 199578.8673.9471.8166.8571.6488.6487.5287.1380.4783.9670.2773.2176.1485.2889.1378.8584.6382.6873.2476.92January 199679.2673.9271.8966.8871.7488.6687.4387.2280.884.2670.6873.5876.5385.5689.1978.9584.6283.273.1776.99February 199679.7173.8472.0466.971.9688.5487.5287.3881.2883.9270.9574.1576.786.0789.579.2285.0584.0173.2877.12March 199680.0873.8671.7666.8172.3488.6187.1687.8681.3984.0271.3974.7176.8287.2889.4479.585.6184.4873.7477.17April 199680.4873.8671.8266.6972.988.8787.348881.6784.8371.6675.4176.7387.9989.7779.6186.2485.2173.9277.34May 199680.777471.9666.7873.3388.8787.4687.9381.8285.0671.8275.9776.9188.689.8279.7886.3885.7973.977.47June 199681.0274.1571.8367.0273.3488.7887.5787.8882.0785.2172.0976.5177.3488.3890.2279.3786.5986.267477.47July 199681.3474.1171.7267.2273.5388.7187.8387.7682.0885.1772.4477.0477.8988.1890.2279.438786.6773.9977.51August 199681.6174.0571.3967.5473.5488.6487.8487.982.4185.3172.9377.5978.1588.2890.1179.5687.2786.9874.4577.61September 199681.867471.7167.873.988.6887.9887.7982.7385.5473.0278.0278.4788.2289.8179.7687.4987.9574.2877.75October 199682.0774.1871.8368.2674.2688.8287.9488.2183.0485.8173.3378.5878.8588.4789.6679.8987.628974.6877.95November 199682.374.4272.1568.9474.7488.9288.1288.383.3286.1273.4878.9679.3188.9289.4879.9287.7390.1974.7278.18December 199682.4874.5272.2269.2175.1988.678888.7283.4286.4574.279.1779.5989.2790.1480.287.9690.7575.1578.38January 199782.874.5472.5669.6475.3988.7888.0688.6583.786.5274.6179.3579.9889.7390.7880.4487.6891.2475.7378.58February 199783.1874.472.7569.8475.7688.9788.0788.6583.8886.5274.979.2479.9789.8991.6380.688.4892.2276.3378.72March 199783.5574.7972.9770.6476.1789.3488.3487.9584.1286.8375.3580.2579.8990.4291.9180.5988.9293.176.8678.99April 199783.9575.2773.2571.2676.5888.9288.5588.4484.5186.9375.7380.9879.6790.3791.6380.6788.8393.5377.8679.25May 199784.2775.7673.4971.7976.9488.9388.6688.7184.9686.8976.1381.7380.3990.5591.580.9589.0193.6678.7879.53June 199784.3976.1974.0672.3177.3588.9788.7588.8285.1386.8876.582.2280.7390.6691.7281.3988.7993.0379.6579.91July 199784.4476.5474.4272.877.8189.0188.8188.9285.3587.2276.7582.5282.0791.1492.0881.7889.4693.1680.6780.22August 199784.5677.1675.0173.5778.3189.1288.8989.2385.5587.5777.0782.8482.2691.4292.4981.9489.492.8881.1180.61September 199785.0377.5675.3874.1178.4589.2389.1789.4486.0887.9777.4483.4881.7691.9192.5982.0689.9893.1781.6980.91October 199785.6478.2376.275.0478.8389.5489.5989.5186.4388.33788482.192.3692.8982.3489.7192.9582.0681.42November 199786.1678.8976.7475.6879.3389.7589.9289.7286.8988.9278.6284.582.1992.5692.982.8290.4393.5982.7781.96December 199786.5679.9178.0976.580.0589.9790.3390.0987.1989.3879.2884.7582.5992.6493.2183.2790.6793.9483.6782.59January 199886.9281.0378.9877.280.6590.1190.7290.7787.6290.1979.985.1882.8792.6893.2483.7391.2694.0984.4883.27February 199887.4382.1979.8977.6881.0190.2291.0691.088890.5280.5785.7483.5192.9593.5984.4191.6294.1385.6583.97March 199887.6983.658178.3181.2390.3591.1491.3988.6190.781.1886.2883.79394.7884.9491.8594.5586.384.62April 199888.1384.482.0879.1381.7690.5491.2391.4989.1690.6881.9586.9584.393.1694.7785.4292.0994.978785.18May 199888.5985.483.180.2182.4190.8491.4491.5989.749182.7987.5884.8393.694.5485.9892.4295.3487.5885.86June 199889.2586.4584.0581.3983.0891.392.0391.8890.1691.5583.6988.0685.3594.0194.2386.4893.0695.788.3886.63July 199889.987.8585.1582.3883.7491.5592.6692.4390.4491.884.4988.4785.8694.394.387.1693.3296.0389.1687.43August 199890.2388.9386.1883.5284.5591.7892.9192.6890.7692.1685.2889.0186.3794.6294.4187.6693.5696.4389.7788.14September 199890.6290.0887.1384.4485.2691.9793.0793.2491.0892.2886.289.4586.7794.994.7988.2393.7596.7790.4888.85October 199890.9490.7787.7184.9686.0692.493.1493.2891.8692.5286.5889.9887.4195.4194.8888.7494.0697.0991.1489.35November 199891.5591.2988.2285.1686.893.0193.3993.8192.592.1186.8990.6388.395.6395.2989.2694.5597.5491.8289.74December 199892.291.7888.985.487.4393.5193.5793.7993.0792.6687.7891.589.0596.0395.6389.5694.9198.0892.1390.14January 199992.7592.1490.1186.2388.4994.293.9494.0993.5892.9589.2492.4389.9196.3696.2589.8695.4598.7492.7190.72February 199993.3392.7291.1487.2289.4594.4394.4394.4594.0993.4990.5593.0690.5796.6796.7990.5295.7999.2493.191.43March 199994.0393.3891.9788.2990.8594.9395.1294.8394.8393.6391.2993.4891.2897.3696.791.2896.4498.7593.8892.13April 199994.7394.3892.589.0991.6995.5195.8595.4895.1394.6692.1593.6392.2998.0896.8692.2796.8798.8294.793.04May 199995.1295.2393.0989.9792.5595.8596.1796.1495.7895.449394.2192.9398.4597.349397.299.1195.4393.75June 199995.5996.0394.0791.2893.3996.5996.0796.5696.2596.393.894.8993.7298.7997.9594.0397.2699.696.3394.64July 199996.1396.6594.9592.8994.3897.2996.7997.0996.9196.6395.0895.8694.489998.2294.9497.4299.8696.7695.5August 199996.8797.1795.8894.2895.5598.0197.2897.4597.3297.1896.0896.5995.6599.2498.1896.0297.92100.1497.4696.38September 199997.6197.6896.9695.696.9798.697.8997.9997.7897.7697.297.4196.9999.5298.5896.7998.31100.3498.297.2October 199998.2998.3398.0296.7698.0598.9997.9598.6798.4998.6798.2198.0198.0699.4698.9997.5998.9100.6799.2297.98November 199998.9699.2499.0898.5198.8599.4698.5798.9799.0899.4199.2898.6798.8699.5599.5498.499.61100.48100.0598.91December 199999.65100.33100.08100.0399.67100.199.3299.6999.92100.15100.3599.4899.63100.299.8599.36100.05100.53100.5299.87January 2000100.41101.03101.11101.45100.66100.8899.94100.08100.37100.57100.92100.15100.19100.67100.4100.34100.53100.59100.71101.08100.75100.59February 2000100.94102.04102.41104.17101.65101.7100.47100.77101.31101.36101.88100.86100.97101.09100.91101.24100.51101.25102.98101.66101.89101.69March 2000101.72103.22104.06107.34102.72102.89101.08101.39101.76102.44102.65101.37101.63101.13101.44102.06101.17101.55102.7102.94103.15102.78April 2000102.27104.16105.71110.63103.54103.94102.01102.33102.69103.42104.35101.78102.97102.27101.59103.13101.73102.18103.29103.48104.52103.99May 2000102.99104.92107.14113.8105.3104.92102.74103.39103.25104.39106.01102.57104.39102.24102.05104.91102.16102.08103.72104.22106.01105.26June 2000103.7105.69108.97116.81106.9105.72103.4104.23104.12105.49107.93103.27105.61102.69102.28106.06102.03102.19103.62104.43107.32106.42July 2000104.08106.33110.32117.87108.31106.71103.7105.04104.31106.03108.92103.99106.4102.25102.67107.02101.93102.4104.06104.94108.17107.14August 2000104.49106.97111.67119.05109.3107.79104.36105.43104.69106.43110.13104.23107.36102.53103.22108.02102.2102.65104.37105.22109.07107.86September 2000104.96107.89112.66120.41110.57109105.12105.91104.77106.72111.37104.66108.47102.52103.89108.83102.53102.81105.08105.63110.03108.61October 2000105.33108.81113.47123.25111.74109.88106.1106.52105.42106.99112.97105.06109.63102.86104.68109.79103.21103.03105.52105.82111.18109.48November 2000105.8109.98115.27126.45113.1111.09107.43108.2106.03107.49114.79106.1111.16103.18105.04110.64103.56103.34106.29106.41112.52110.58December 2000106.02110.72116.96130.07114.54112.41108.66109.82106.56108.16116.94106.69111.74103.01105.52111.85104.22104.11106.57107.28113.94111.8January 2001106.41112.03118.9133.04115.51113.82110.24110.91107.06108.94118.84107.34113.36103.54105.77112.94104.53104.61107.24107.77115.44113.05February 2001106.88112.9120.14135.07116.87115.39111.05111.69107.46109.46120.4107.47114.49103.85106.17114.25104.85104.86108.31107.91116.68114.12March 2001107.46114.18122.29134.93117.2116.83112.26112.31107.91110.36121.56108.04116.39104106.98115.31104.96105.08109.07108.14117.72115.08April 2001108.08114.64123.36133.85118.53118.6113.52113.49108.32111.28122.73108.41117.25103.87107.94116.36104.77105.42109.92109.03118.49115.83May 2001108.7115.26124.28132.65119.26119.26114.77113.77108.63112.09123.19108.8118.26104.22108.74116.97105.25105.96110.06109.24118.95116.3June 2001109.02115.74124.51130.84119.95120.25115.9115.2109.29113.2124.44109.14119.67104.32109.51118.07105.68106.59110.49109.74119.48116.92July 2001109.51116.38125.28129.29120.4121.08117.14116.17109.67114.21125.6109.66121.27104.84110.3119.23106.48107.34110.43110120.11117.5August 2001109.85117.36125.87128.33120.97122.09118.3117.87110.19115.26126.94110.42122.13104.63110.97120.59106.99108.02110.64110.56120.96118.25September 2001110.28118.34126.98128.19121.53123.11119.54118.14110.66116.11128.15110.87123.23104.74111.7121.99107.28108.34110.52111.22121.95119.03October 2001110.75119.31128.15128.21121.71124.14121.1118.89111.05116.54129.13111.1124.11104.53112.08123.1107.02108.54111.21111.61122.82119.69November 2001111.1120.3129.38127.68121.65125.05122.73119.56111.17116.83130.2110.95125.28104.51112.97124.41106.78108.45111.46112.04123.65120.28December 2001111.67121.29129.99126.85121.63126.18123.77119.9111.29117.11130.5111.28125.98104.62113.52124.6106.37108.42112112.06124.03120.67January 2002112.16122.7130.32126.85122.11127.29124.5120.41111.66117.53131.35111.49126.43104.79114.46125.39106.87108.93112.54112.84124.83121.36February 2002112.79123.99131.72127.61122.37128.79125.36120.69112.31118.06131.77112.1126.97105.23115.01126.1107.4109.53112.69113.26125.75122.19March 2002113.21125.45133.16129.54123.05130.12126.65122.78112.78118.67132.97112.34128.13105.61115.4127.3107.98111.1113.2113.54127.02123.3April 2002113.68126.85135.65132.1123.34131.57128.07123.75112.72119.62134.5112.36128.91106.15115.39128.68108.34111.06113.39113.52128.52124.49May 2002114.18128.69138.13134.72124.02133.3129.79124.96112.92120.33136.69112.69130.2106.14115.86130.47108.59111.52113.47113.73130.34125.93June 2002114.68130.78140.53137.57124.22134.84131.56125.6113.24121.04138.77113.38131.2106.21116.34132.48109.15111.3113.2114.05132.19127.42July 2002114.99132.87142.87139.38124.68137133.49126.86113.66121.86140.55114.05132.3106.15116.82134.86109.46112.27113.19114.46134.11128.89August 2002115.27135.09145.7141.12124.63138.96134.93127.78114.02122.67142.31114.56133.29106.73117.27137.02109.5112.02113.57114.76135.97130.31September 2002115.54137.24148.06141.87124.7140.82136.61128.6114.2123.51144.23114.82133.99107.07117.81138.84109.43112.21113.75115.06137.61131.53October 2002115.82139.71150.59142.84125.02142.47138.29129.22114.6124.4145.81114.89135.28107.31119.16140.81109.61112.35113.88115.46139.39132.85November 2002116.25141.82153.09143.66125.57143.89139.88130.28114.93125.36147.44115.57136.15107.36120.61142.86109.79113.02113.87115.92141.04134.11December 2002116.75143.98155.21143.84125.73145.61141.73131.86115.26126.4147.86115.66137.93107.72122.01144.96110.24113.82114.21116.63142.58135.41January 2003117.72145.75157.3143.74125.63146.74143.79133.29115.65127.27148.53115.75138.88108.38122.94146.64110.87114.62114.71116.84143.87136.47February 2003118.61147.3158.48143.83125.56147.86145.74134.65115.98128.16149.7115.3140.04108.72123.76147.94111.63115.4114.76117.48145.03137.45March 2003119.56148.88159.66143.89126.03148.67147.38135.27116.73129.28150.97116.11140.56108.43124.33149.16112.04115.92113.89117.92146.09138.32April 2003119.89150.48161.08144.27125.92149.82148.64136.65116.51129.74151.58117.15141.31107.97125.28150.29112.56116.39113.59118.46147.09139.2May 2003120.24152.28162.57144.32125.78151.36149.75138.13116.82130.51151.88117.88142.21107.71125.94151.46112.98116.92113.63118.88148.17140.14June 2003120.66154.08164.19144.85125.05152.99150.7138.67116.81131.01152.38117.84142.58108.04126.93152.22113.37117.66114.18119.36149.09140.95July 2003121.28157.03166.35146.2125.18154.73152.78139.37117.03131.7152.91117.81143.81108.15128.34153.29113.81118.31114.36119.97150.66142.13August 2003122.07160.11169.43147.84125.63156.83155.13139.75117.33132.28153.58117.86144.8108.67130.42154.56114.44118.88114.39121.02152.49143.57September 2003123.05163.6173.2149.7125.89159.33157.12141.93117.8133.35154.67118.19146.09108.62132.7156.41115.13119.47114.41121.72154.68145.29October 2003123.94167.06177.17151.63126.33161.77159.14143.34118.06134.56155.83118.85147.04109.97135.71158115.79120.37114.54122.89156.86147.03November 2003125.02170.73181.19153.81126.82164.23160.83144.93118.48135.76157.74119.21148.11110.63138.81160.05116.2121.45114.65123.56159.23148.87December 2003126.33174.81185.09156.03127.28166.57162.66145.28118.71137.12159.33119.55148.8111.21143.1161.97116.38122.45114.44124.85161.68150.79January 2004127.31178.79188.62157.83128.08169.6164.86148.01119.29138.08160.58119.86150.03110.49147.3163.65116.42123.16114.91125.58164.02152.63February 2004128.39182.9192.61159.85128.56171.62166.83149.47119.56138.71161.97119.98151.21110.67151.66165.44116.71123.91115.28126.57166.38154.51March 2004129.6188.76198.98162.01129.13174.49170.25152.31120.12139.1163.21120.78152.69111.28159.84167.32117.04124.03114.38127.38169.36156.78April 2004130.88194.46204.86164.41129.26177.65172.95153.19120.71140.07165.42121.35154.02112.06167.5169117.95125.65114.7128.57172.36159.24May 2004132.35199.71211.03166.68129.3181.94176.49155.35120.87141.4166.15121.78154.8112.52175.37171.06117.88126.6115.16129.86175.47161.7June 2004133.88205.29216.69169.83129.82186.7179.79157.84120.89142.29167.53121.77156.19112.62184.88173.29117.96127.5115.55131.09178.76164.32July 2004135.78209.32221.86172.17130189.96183.34160121.31143.26168.2121.62156.58112.74193.54175.65117.99128.45115.82132.27181.55166.42August 2004137.55211.18225.14174.67130.46193.2186.91162.69121.78144.06169.36121.67157.42112.52199.35177.52118.15129.64115.96133.14183.69168.13September 2004140.59212.78228.13177.22130.6196.32190.53165.25122.43145.37170.28121.93157.7112.63203.02179.25118.61131.2116134.3185.62169.77October 2004143.91213.87230.35180.29131.34199.77193.7168.11122.8146.44171.95122.27158.4113.07205.3181.21118.73132.79116.29135.35187.58171.44November 2004147.85215.96231.89183.5131.93203.34197.25170.72123.32147.49173.14122.65159.08113.85206.93183.02119.39134.17116.51137.38189.63173.21December 2004152.34218.21234.45187.23132.77207.08201.01173.64123.98148.78174.38122.91159.82114.79208.28184.73119.78135.37117.05139.17191.85175.16January 2005156.39221.55236.68191.51133.36210.83205.38177.21124.59150.09175.78123.4161.43115.12209.32187.17121.01136.8117.5141.61194.63177.55February 2005161.6225.16238.87195.69134.2214.82209.68180.67125.32151.66177.87123.93162.5115.59211.79189.72121.67138.24118.12142.98197.64180.14March 2005167.65229.62239.73199.94134.48220.52215.69184.67126.03152.95179.3124.39163.42115.42213.7192.83121.42139.88118.74145.03200.97182.88April 2005174.44233.33241.17201.96135.01225.31221.93188.24126.71154.29180.25125.35164.22115.42216.15194.83121.75142.02118.96146.7203.53185.23May 2005180.85237.03242.17204.52135.1229.52227.33191.95127.19155.06180.61125.88164.84116.01217.88196.52121.91144.44119.28148.72205.89187.39June 2005188.82240.58243.56207.16134.93233.72233.83196.8127.85156.03180.11125.75165.3116.99219.11198.1121.73147.54119.09150.77208.09189.52July 2005196.12244.31244.52209.62135.03236.96239.3201.3127.88156.77180.13125.29165.43117.7220.32199.87121.63150.43119.48152.86210.35191.46August 2005203.02248.39245.61211.06135.49239.45245.48206.7128.13157.01179.94124.89165.62118.52221.91202.02121.61153.46119.67155.17212.71193.59September 2005209.64253246.23213.25136.03241.88251.1212.14128.3158.45180.35124.92166.3118.65223.74204.41121.81156.56120.45157.68215.24195.91October 2005213.92257.78247.86214.66136.73244.31256.23218.24128.99159.73179.92125.46167.4119.98225.64206.92122.13159.22121.04160.06217.78198.21November 2005217.81261.54249.72215.96137.31246.64260.37222.84129.89161.81180.89126.08168.72120.41228.07209.52122.58161.94122.18162.69220.22200.4December 2005220.61265.62250.2216.66137.93248.63264.23226.12130.73163.02180.59126.7169.6121.6230.11212.22122.83164.54122.8164.96222.34202.31January 2006223.15268.38250.5217.13138.69250.23268.01229.34131.55164.41180.68127.06170.09121.01232.59213.47123.15167.14123.34167.36223.89203.74February 2006225.19271.11251.09218.11138.98251.32271.41231.83131.98165.49179.42127.23171.08122.06234.64214.85122.94169.58123.24169.26225.32205.08March 2006226.14271.81251.4218.17139.06251.76274.29234.83132.24166.16179.66127.18171.47122.74235.36214.96122.51171.95123.12171.2225.82205.54April 2006227.31272.8251.13218.07138.68251.47277.14237.47132.49166.85178.92125.5172.23124.06235.66215.72122.14173.79123.06172.95226.25206.06May 2006227.54272.78249.34217.56138.67250.7279.2238.84132.87167.21178.07124.44172.07124.56235.25216.14121.86175.29123.08174.58226.26206.17June 2006227.2272.18247.68216.4138.47249.18278.9237.93133.2167.07176.55123.5171.17125.29233.03216.04122.18176.65123.43176.54225.45205.72July 2006226.08271.59246.08215.69138.5247.46278.76237.49133.51166.99175.88122.66169.92126.35232.77215.34122.28177.86123.81178.4224.8205.19August 2006224.63270.85244.38215.07138.29245.35277.09236.17133.6166.99175.47122.06169.12127.09232.22214.09121.62179.07123.98179.97224.04204.64September 2006223.03270.77243.81214.55137.79242.62277.22235.03133.67167.48174.17121.16168.57127.88231.74213.74120.74179.67123.82181.3223.42204.17October 2006222.12271.01242.29214.24137.55242.67278.12232.9133.9167.55173.63120.95168.37128.16231.38213.57120.31180.12123.81182.5223.35204.12November 2006221.66271.73241.65213.98137.45242.14279.5231.64134.23167.31171.94120.42168.1129.19231.68213.46120.04180.67123.92183.79223.3204.03December 2006221.3270.66239.81213.5137.63241.69280.08230.16134.6167.46171.53119.13168.05129.85232.16213.38119.63180.91124.41184.94222.75203.63January 2007221.6271.03240.05214.07137.32241.2278.92229.36134.59168170.66118.38168.6130.72232.45212.75119.75181.94124.31186.19222.7203.62February 2007220.8269.9238.44213.56136.92240.71278.93229.54134.88168.55171.05117.69168.83131.16232.23212.85119.79182.83124.85187.47222.35203.48March 2007219.65268.29236.28213.51136.55239.83277.15227.93135.08168.45171.13117.51168.6131.96231.44213119.66184.05124.92188.53221.81203April 2007217.46265.95234.41212.37136.4237.35274.49225.98135.43167.31170.99115.69167.54132.79228.56212.39118.96184.92125.39189.69220.32201.91May 2007215.02264.07231.93210.25136.71235.09270.22222.9135.24166.44170.51112.88166.25133.17225.87211.06118.46185.29125.25190.42218.71200.52June 2007212.21261.29229.51207.78136.93232.33265.7219.51135.21165.96169.82111.14164.51133.66221.26209.55117.54184.55125.29190.45216.53198.74July 2007209.48258.7226.86206.77137.24230.04260.77216.41134.9165.59169.76111.21164.06133.75218.62208.48117.47184.5124.61190.56214.98197.38August 2007206.51255.26224.01205.82137.54227.83255.57212.24134.56164.64168.97110.57162.61134214.61206.93116.49183.91124.43190213.17195.84September 2007203.17251.78220.29204.53136.41227.22249.68208.71133.97163.14168.5109.35161.43133.79210.83206.08115.76183.5123.96189.61211.06194.04October 2007198.44247.01215.57200.76134.99226.62243.68205.34132.9161.89167.28107.4159.81133.61206.38204.84114.76183.5123.57188.44208.41191.71November 2007193.1239.06209.33195.53133.16223.69237.2202.31131.39160.62166.84104.82157.37133.01201.06203.67112.93182.97122.51187.01204.64188.33December 2007187.45233.43204190.34131.53219.46230.94199.41130.23159.83165.84102.95154.97133.01196.43201.74112.03183.16121.6185.95200.95185.22January 2008181.24226.27199.82185.81130.5215.25224.86195.2129156.95164.9100.56151.75133.12187.49200.43109.63181.08120.31184.02197.28181.87February 2008175.02217.44192.62177.03129.6210.31218.23189.56127.59154.46163.1798.37147.9133.23179.09198.61109.01179.22119.88182.55192.22177.66March 2008169.24210.1187.77170.49129.8205.67209.09183.43126.33151.7161.1196.53145.11133.07171.41197.06108.42176.7120.81180.41188173.98April 2008163.31204.6181.97165.48130.05202.33201.23180.16124.78151.85160.0994.94141.93132.66167.16195.48110.95176.23121.05180.36184.61171.23May 2008158.16199.32178.12162.26130.11199.02193.82177.92124.51150.69159.9893.42141.93132.84162.04194.73108.97175.57121.3178.41181.94168.99June 2008152.89195.18173.92158.46130.41196.15190.5175.23123.72150.13160.7693.05141.67131.98158.41194.69108.85173.82121.16176.83179.77167.14July 2008148.14190.97170.1155.46130.63193.73187.11174.4123.22149.04160.5892.6142.58131.32153.78193.82108.21172.27121.43174.88177.57165.22August 2008143.14187.11166.2149.61130.48192.15183.68173.69122.53148.35160.8891.51140.27130.19149.44193.25108.71169.95121.04173.2175.49163.33September 2008138.31182.32162.25144.1128.96188.31178.8169.99121.21146.59158.8288.87138.21129.05145.07191.37108.33167.66120.56170.88171.96160.23October 2008133.6177.98158.1138.52127.98184.07172.94164.61118.88144.28157.2485.48133.96127.68141.11189.02107.62164.98119.76169.12168.56157.03November 2008129.63174.77155.3135.29127.46180.12169.01159.93116.49140.48154.5783.1131.45125.95137.37185.89107.06162.03118.47166.12165.43153.98December 2008123.77171.63153.36130.86126.3176.45164.42155.44113.56136.99154.2580.65125.64123.49131.59183.15105.18159.12116.39161.16162.29150.74January 2009117.88167.89150.01125.79123.85173.59158.61149.68110.55131.27152.8877.88120.93122.27126.57180.95104.03155.8114.49156.48158.93147.31February 2009113.41165.13148.56122.18122.32169.95153.88146.02108.06127.34151.4175.21117.97120.82122.34178.1199.86153.47114.44154.46155.93144.5March 2009108.31163.24146.36119.28122.72167.78148.91142.31106.69123.49148.2871.71111.84120.69117.87174.0198.71149.65114.11150.85153141.51April 2009105.78161.14145.59119.12123.69168.15146.42141.78106.42123.51147.870.82110.9119.47113.41171.1899.35148114.91150.03151.45140.28May 2009104.11159.86145.12119.84124.13169.29145.12140.98106.16124.32148.4770.58111.39119.46110.2171.23102.18146.97116.23148.71151.42140.26June 2009104.51160.5146.09123.6125.63173.05145.9140.97106.72125151.1869.77113.58119.28107.05171.41105.53147.4118.41148.28152.55141.31July 2009