FDIC Home - Federal Deposit Insurance Corporation
FDIC Home - Federal Deposit Insurance Corporation

 
Skip Site Summary Navigation   Home     Deposit Insurance     Consumer Protection     Industry Analysis     Regulations & Examinations     Asset Sales     News & Events     About FDIC  


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




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

Skip Left Navigation Links
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 - Second Quarter 2005

Fund Financial Results ($ in millions – All data is unaudited)
Income Statement BIF SAIF
  6/30/05 6/30/04 6/30/05 6/30/05
Assessments earned $        25 $         38 $         3 $         6
Interest earned on investment securities 829 764 302 273
Other revenue 9 14 0 0
Total Revenue $    863 $    816 $      305 $       279
Operating expenses (includes depreciation expense) 426 397 61 59
Provision for insurance losses (52) (69) (24) (1)
Other expenses 2 3 0 0
Total Expenses & Losses $      376 $      331 $      37 $         58
Net Income $      487 $    485 $      268 $       221
Unrealized (loss)/gain on available-for-sale securities (180) (157) (59) (50)
YTD Comprehensive Income $      307 $    328 $      209 $       171

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
June 2005 403 52 -180 307


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
June 2005 241 24 -59 209


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
June 2005 $829 $426 1.95

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
June 2005 $302 $60 5.03
Last Updated 8/17/2005
   dofbusinesscenter@fdic.gov

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