FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
March 2002

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending March 31
	2002	2001	2002	2001
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$384	$462	$384	$462
Assessments	17	11	17	11
Other revenue	5	5	5	5
Total Revenue	406	478	406	478
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	183	180	183	180
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	(18)	(1)	(18)	(1)
Interest and other insurance expenses	5	3	5	3
Total Expenses and Losses	170	182	170	182
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	236	296	236	296
Unrealized gain on available-for-sale	empty cell	empty cell	empty cell	empty cell
securities, net (current period)	22	155	22	155
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	258	451	258	451
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	30,439	30,975	30,439	30,975
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$30,697	$31,426	$30,697	$31,426

**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
12/01	0.384	0.406	0.017

**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
03/02	0.023	0.183	0.21

Last Updated 05/07/2002

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