DIF Balance Sheet - First Quarter 2023
Fund Financial Results ($ in millions)
| Balance Sheet |
| |
Mar-23 |
Dec-22 |
Quarterly Change |
Mar-22 |
Year-Over-Year Change |
Cash and cash equivalents |
$18,088 |
$2,599 |
($15,489) |
$5,802 |
$12,286 |
Investment in U.S. Treasury securities |
81,717 |
122,442 |
(40,725) |
114,230 |
(32,513) |
| Assessments receivable |
3,187 |
2,159 |
1,028 |
1,818 |
1,369 |
| Special Assessments receivable |
15,776 |
0 |
15,776 |
0 |
15,776 |
| Interest receivable on investments and other assets, net |
416 |
688 |
(272) |
776 |
(360) |
| Receivables from resolutions, net |
86,590 |
521 |
86,069 |
815 |
85,775 |
| Property and equipment |
361 |
360 |
1 |
326 |
35 |
| Operating lease right-of-use assets |
85 |
93 |
(8) |
80 |
5 |
| Total Assets |
$206,220 |
$128,862 |
$77,358 |
$123,847 |
$82,373 |
| Accounts payable and other liabilities |
270 |
268 |
2 |
245 |
25 |
| Operating lease liabilities |
105 |
111 |
(6) |
85 |
20 |
| Liabilities due to resolutions |
75,828 |
1 |
75.827 |
1 |
75,827 |
| Postretirement benefit liability |
232 |
232 |
0 |
332 |
(100) |
| Contingent liability for anticipated failures |
13,713 |
31 |
13,682 |
145 |
13,568 |
| Contingent liability for litigation losses |
1 |
1 |
0 |
0 |
1 |
| Total Liabilities |
$90,149 |
$664 |
$89,505 |
$808 |
$89,341 |
| FYI: Unrealized gain (loss) on U.S. Treasury securities, net |
(535) |
(2,985) |
2,450 |
(1,835) |
1,300 |
| FYI: Unrealized postretirement benefit (loss) gain |
27 |
27 |
0 |
(83) |
110 |
| Fund Balance |
$116,071 |
$128,218 |
($12,147) |
$123,039 |
($6,968) |
Components of Provision for Losses
(dollars in billions)
|
March 31, 2023 |
| Initial estimated loss for signature |
$0.8 |
| Initial estimated loss for SVB |
$1.9 |
| Initial estiamted loss for Signature |
$13.7 |
The total initial estimated loss for SVB and Signature Bank failures are $14.3 billion and $2.4 billion, respectively, however, only 14% and 33% of the total loss covering insured deposits impacted the DIF balance. The remaining share for uninsured deposits will be recovered from the banking industry through a special assessment ($14.2 billion and $1.6 billion, respectively).
