FDIC: Executive Management Report

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Executive Management Report

Savings Association 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	$276	$284	$146	$162
Assessments	8	11	4	5
Other revenue	1	1	1	0
Total Revenue	285	296	151	167
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	61	61	32	33
Provision for insurance losses	(66)	(82)	(45)	(79)
Other expenses	0	0	0	0
Total Expenses and Losses	(5)	(21)	(13)	(46)
empty cell	empty cell	empty cell	empty cell	empty cell
Net Income	290	317	164	213
Unrealized gain on available-for-sale securities, net (current period)	46	71	13	61
empty cell	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	336	388	177	274
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	11,747	10,935	11,906	11,049
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$12,083	$11,323	$12,083	$11,323

Last Updated 08/21/2003

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