301 Moved Permanently
301 Moved Permanently
openresty
 |
DIF
Income Statement - Second Quarter 2011
| Fund Financial Results |
($
in millions) |
| Income
Statement (year-to-date) |
| |
Unaudited Jun-11 |
Unaudited Mar-11 |
Quarterly Change |
Unaudited Jun-10 |
Year-Over-Year Change |
| Assessments earned |
$6,647 |
$3,484 |
$3,163 |
$6,520 |
$127 |
| Systemic risk revenue |
(25) |
5 |
(30) |
(138) |
113 |
| Interest on U.S. Treasury obligations |
65 |
28 |
37 |
126 |
(61) |
| Other revenue |
147 |
66 |
81 |
80 |
67 |
| Total Revenue |
$6,834 |
$3,583 |
$3,251 |
$6,588 |
$246 |
| Operating expenses |
858 |
395 |
463 |
727 |
131 |
| Systemic risk expenses |
(25) |
5 |
(30) |
(138) |
113 |
| Provision for insurance losses |
(5,184) |
(3,089) |
(2,095) |
469 |
(5,653) |
| Insurance and other expenses |
1 |
- |
1 |
3 |
(2) |
| Total Expenses and Losses |
($4,350) |
($2,689) |
($1,661) |
$1,061 |
($5,411) |
| Net Income (Loss) |
11,184 |
6,272 |
$4,912 |
5,527 |
5,657 |
| Unrealized gain (loss) on U.S. Treasury investments, net |
35 |
10 |
25 |
(80) |
115 |
| Unrealized gain (loss) on trust preferred securities |
49 |
47 |
2 |
168 |
(119) |
| Unrealized postretirement benefit gain (loss) |
- |
- |
- |
- |
- |
| Comprehensive Income (Loss) |
$11,268 |
$6,329 |
$4,939 |
$5,615 |
$5,653 |
•Cash collections in 2010 and 2011 are from institutions that did not prepay assessments at year-end 2009.
•Third quarter 2009 assessment collections include a $5.5 billion special assessment.
•DIF collected $45.7 billion in prepaid assessments on 12/30/09 which was recorded as a liability and is recognized as quarterly revenue as it is earned.
| Quarterly Assessments Premiums (based on insurance coverage period) |
|
Cash Collections |
Prepaid Assessments |
4th
Qtr 2008 |
$1,087 |
$0 |
1st
Qtr 2009 |
$2,593 |
$0 |
2nd
Qtr 2009 |
$3,196 |
$0 |
3rd
Qtr 2009 |
$8,622 |
$0 |
4th
Qtr 2009 |
$280 |
$2,982 |
1st
Qtr 2010 |
$265 |
$3,037 |
2nd
Qtr 2010
|
$244 |
$3,217 |
3rd
Qtr 2010
|
$216 |
$3,181 |
4th
Qtr 2010 |
$206 |
$3,226 |
1st
Qtr 2011 |
$191 |
$3,259 |
2nd
Qtr 2011 |
$205 |
$2,973 |
|
