FDIC: Executive Management Report

Home


		Home > About FDIC > Financial Reports > Executive Management Report

Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
September 2002

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending September
	2002	2001	2002	2001
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$1,272	$1,405	$404	$451
Assessments	62	35	26	14
Realized gain on sale of U.S. Treasury obligations	0	78	0	0
Other revenue	13	20	3	8
Total Revenue	1,347	1,538	433	473
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	618	568	220	193
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	410	311	447	340
Interest and other insurance expenses	13	12	3	4
Total Expenses and Losses	1,041	891	670	537
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	306	647	(237)	(64)
Unrealized gain on available-for-sale	empty cell	empty cell	empty cell	empty cell
securities, net (current period)	638	212	433	217
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	944	859	196	153
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	30,439	30,975	31,187	31,681
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$31,383	$31,834	$31,383	$31,834

**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
09/02	0.093	0.618	0.71

Last Updated 10/15/2002

Home Contact Us Search Help SiteMap Forms
Freedom of Information Act (FOIA) Service Center Website Policies USA.gov