FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
March 2003

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending March
	2003	2002	2003	2002
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$376	$384	$376	$384
Assessments	19	17	19	17
Other revenue	5	5	5	5
Total Revenue	400	406	400	406
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	175	183	175	183
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	(6)	(18)	(6)	(18)
Interest and other insurance expenses	2	5	2	5
Total Expenses and Losses	171	170	171	170
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	229	236	229	236
Unrealized gain on available-for-sale securities, net (current period)	103	22	103	22
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	332	258	332	258
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	32,050	30,439	32,050	30,439
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$32,382	$30,697	$32,382	$30,697

BIF Coverage Ratio (Interest Revenue/Operating Expenses)

Year

Receivership

98

2.40

99

2.37

00

2.36

01

2.33

02

2.06

03/03

2.15

Last Updated 05/08/2003

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