FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
June 2002

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending June 30
	2002	2001	2002	2001
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$868	$954	$484	$492
Assessments	36	21	19	10
Realized gain on sale of U.S. Treasury obligations	0	78	0	78
Other revenue	10	12	5	7
Total Revenue	914	1,065	508	587
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	398	375	215	195
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	(37)	(29)	(19)	(28)
Interest and other insurance expenses	10	8	5	5
Total Expenses and Losses	371	354	201	172
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	543	711	307	415
Unrealized gain/(loss) on available-for-sale	empty cell	empty cell	empty cell	empty cell
securities, net (current period)	205	(5)	183	(160)
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	748	706	490	255
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	30,439	30,975	30,697	31,426
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$31,187	$31,681	$31,187	$31,681

**BIF Revenue**
Year	Interest US Treas Obs.	Total Revenue	Assessments
96	1.267	1.655	0.073
97	1.519	1.616	0.025
98	1.675	2.000	0.022
99	1.734	1.816	0.033
00	1.827	1.906	0.045
01	1.835	1.997	0.048
06/02	0.868	0.914	0.036

**BIF Total vs. Operating Expenses**
Year	Receivership	Operating Exp	Total Expenses
96	0.47	0.51	0.98
97	0.26	0.61	0.87
98	0.13	0.70	0.83
99	0.11	0.73	0.84
00	0.048	0.773	0.82
01	0.031	0.786	0.82
06/02	0.065	0.398	0.46

Last Updated 08/06/2002

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