FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
September 2001

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending September 31
	2001	2000	2001	2000
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$1,405	$1,359	$451	$460
Assessments	35	36	14	12
Realized gain on sale of U.S. Treasury obligations	78	0	0	0
Interest on advances and subrogated claims	0	5	0	0
Revenue from assets acquired by the Corporation	7	10	2	2
Other revenue	13	12	6	5
Total Revenue	1,538	1,422	473	481
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	568	555	193	191
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	311	(153)	340	(423)
Expenses for assets acquired by the Corporation	10	13	3	4
Interest and other insurance expenses	2	6	1	1
Total Expenses and Losses	891	421	537	(227)
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	647	1,001	(64)	708
Unrealized gain on available-for-sale	empty cell	empty cell	empty cell	empty cell
securities, net (current period)	212	140	217	67
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	859	1,141	153	775
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	30,975	29,414	31,681	29,780
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$31,834	$30,555	$31,834	$30,555

**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
9/01	1.405	1.538	0.035

**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
9/01	0.024	0.568	0.59

Last Updated 11/23/2001

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