Chart 4

The title is "NIM Has Contracted Through First Half of 2003, Although Yield Curve Has Since Steepened."

A line chart covering June 1999 through June 2003. In 1999, the net interest margin (NIM) was 3.58%; the yield spread (basis points—10 years less 3-month Treasury) was 95. In 2000, the net interest margin was 3.64%; the yield spread was 29. In 2001, the net interest margin was 3.48%; the yield spread was 152. In 2002, the net interest margin was 3.70%; the yield spread was 332. In 2003, the net interest margin was 3.55%; the yield spread was 328.