Note 2-16

(16) The 11 major banks' published NPL projections (on an unconsolidated basis) indicate the NPL ratio at about 4% for fiscal 2004. (In the calculation of the share for fiscal 2004, projected figures for fiscal 2003 were used for banks that have not published fiscal 2004 projections, and fiscal 2002 results were used for those that have not published fiscal 2003 or 2004 projections.)