FDIC: Executive Management Report

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Executive Management Report

Savings Association 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	$421	$494	$137	$156
Assessments	18	27	7	9
Realized gain on sale of U.S. Treasury obligations	0	28	0	12
Other revenue	1	6	0	4
Total Revenue	440	555	144	181
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	92	74	31	25
Provision for insurance losses	(86)	509	(4)	199
Other expenses	1	4	1	4
Total Expenses and Losses	7	587	28	228
empty cell	empty cell	empty cell	empty cell	empty cell
Net Income	433	(32)	116	(47)
Unrealized gain on available-for-sale securities, net (current period)	218	88	147	70
empty cell	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	651	56	263	23
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	10,935	10,759	11,323	10,792
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$11,586	$10,815	$11,586	$10,815

Last Updated 10/17/2002

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