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Home > About FDIC > Financial Reports > Chief Financial Officer's (CFO) Report to the Board




Chief Financial Officer's (CFO) Report to the Board

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Chief Financial Officer's (CFO) Report to the Board Home
Executive Summary

   •  Summary Trends and Results
I. Corporate Fund Financial Results
   •  BIF & SAIF Balance Sheet
   •  BIF & SAIF Income Statement
   •  BIF & SAIF Statements of Cash Flows
   •  FRF Statements of Cash Flows
   •  Assets in Liquidation
II. Investments Results & Prospective Strategy
   •  Corporate Investment Portfolio Summary
   •  Approved Investment Strategy
III. Budget Results
   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
BIF & SAIF Income Statement - First Quarter 2005

Fund Financial Results ($ in millions – All data is unaudited)
Income Statement BIF SAIF
  3/31/05 3/31/04 3/31/05 3/31/05
Assessments earned $        13 $         19 $         2 $         3
Interest earned on investment securities 346 340 127 122
Other revenue 4 3 0 0
Total Revenue $    363 $    362 $      129 $       125
Operating expenses (includes depreciation expense) 204 190 29 29
Provision for insurance losses (6) (37) (14) 1
Other expenses 1 2 0 0
Total Expenses & Losses $      199 $      155 $      15 $         30
Net Income $      164 $    207 $      114 $       95
Unrealized (loss)/gain on available-for-sale securities (127) 175 (41) 59
YTD Comprehensive Income $      37 $    382 $      73 $       154

BIF Key Components Impact on Comprehensive Income

BIF Key Components Impact on Comprehensive Income
Year Int. Rev less Oper. Exp. Provision for Loss Unrealized gain/(loss) on AFS Comprehensive Income
2001 1,048 1,756 26 -536
2002 871 87 566 1,611
2003 725 931 -10 1,732
2004 731 269 -112 1,005
March 2005 142 6 -127 37


SAIF Key Components Impact on Comprehensive Income

SAIF Key Components Impact on Comprehensive Income
Year Int. Rev less Oper. Exp. Provision for Loss Unrealized gain/(loss) on AFS Comprehensive Income
2001 532 443 7 176
2002 440 156 192 812
2003 403 82 -7 493
2004 435 72 -36 480
March 2005 98 14 -41 73


BIF Coverage Ratio

BIF Coverage Ratio (Interest Revenue/Operating Expenses)
Year Interest on Obligations Operating Expense Coverage Ratio
2001 $1,835 $786 2.33
2002 $1,692 $821 2.06
2003 $1,530 $805 1.90
2004 $1,553 $822 1.89
March 2005 $346 $204 1.70

SAIF Coverage Ratio

SAIF Coverage Ratio (Interest Revenue/Operating Expenses)
Year Interest on Obligations Operating Expense Coverage Ratio
2001 $634 $102 6.22
2002 $564 $124 4.55
2003 $532 $129 4.12
2004 $555 $120 4.63
March 2005 $127 $29 4.38

FDIC Provides and Ever-Better Value to the Banking Industry

FDIC Provides an Ever-Better Value to the Banking Industry
Year FDIC Costs/Assessment Base
2001 0.024
2002 0.026
2003 0.020
2004 0.019


Last Updated 5/06/2005 dofbusinesscenter@fdic.gov

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