The SAIF Reserve Ratio increased slightly last quarter

Quarter  SAIF Reserve Ratio
December, 2001 1.36%
March, 2002 1.36%
June, 2002 1.38%
September, 2002 1.39%
December, 2002 1.37%
March, 2003 1.37%
June, 2003 1.38%
September, 2003 1.40%
December, 2003 1.37%
March, 2004 1.36%
June, 2004 1.34%
September, 2004 1.33%
December, 2004 1.34%
March, 2005 1.33%
June, 2005 1.32%