FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
June 2003

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending June
	2003	2002	2003	2002
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$801	$868	$425	$484
Assessments	38	36	19	19
Other revenue	9	10	4	5
Total Revenue	848	914	448	508
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	374	398	199	215
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	(139)	(37)	(133)	(19)
Interest and other insurance expenses	4	10	2	5
Total Expenses and Losses	239	371	68	201
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	609	543	380	307
Unrealized gain on available-for-sale securities, net (current period)	141	205	38	183
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	750	748	418	490
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	32,050	30,439	32,382	30,697
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$32,800	$31,187	$32,800	$31,187

BIF Coverage Ratio (Interest Revenue/Operating Expenses)

Year

Receivership

98

2.40

99

2.37

00

2.36

01

2.33

02

2.06

06/03

2.14

Last Updated 08/21/2003

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