FDIC: Executive Management Report

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Executive Management Report

Savings Association Insurance Fund
Statements of Income and Fund Balance
September 2003

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending September
	2003	2002	2003	2002
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$400	$421	$124	$137
Assessments	11	18	3	7
Other revenue	0	1	(1)	0
Total Revenue	411	440	126	144
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	94	92	33	31
Provision for insurance losses	(92)	(86)	(26)	(4)
Other expenses	0	1	0	1
Total Expenses and Losses	2	7	7	28
empty cell	empty cell	empty cell	empty cell	empty cell
Net Income	409	433	119	116
Unrealized gain/(loss) on available-for-sale securities, net (current period)	30	218	(16)	147
empty cell	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	439	651	103	263
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	11,747	10,935	12,083	11,323
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$12,186	$11,586	$12,186	$11,586

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