|
|
DIF
Balance Sheet -
Second Quarter 2013
| Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Unaudited Jun-13 |
Unaudited Mar-13 |
Quarterly
Change |
Unaudited Jun -12 |
Year-Over-Year
Change |
| Cash and cash equivalents |
$531 |
$1,052 |
$(521) |
$4,137 |
$(3,606) |
| Cash and investments - restricted - systemic risk |
- |
- |
- |
945 |
(945) |
| Investment in U.S. Treasury obligations, net |
33,286 |
37,474 |
(4,188) |
33,314 |
(28) |
| Trust preferred securities |
2,240 |
2,256 |
(16) |
2,314 |
(74) |
| Assessments receivable, net |
2,594 |
1,295 |
1,299 |
454 |
2,140 |
| Receivables and other assets - systemic risk |
- |
- |
- |
1,723 |
(1,723) |
| Interest receivable on investments and other assets, net |
533 |
470 |
63 |
449 |
84 |
| Receivables from resolutions, net |
18,442 |
22,549 |
(4,107) |
21,855 |
(3,413) |
| Property and equipment, net |
376 |
381 |
(5) |
386 |
(10) |
| Total Assets |
$58,002 |
$65,477 |
$(7,475) |
$65,577 |
$(7,575) |
| Accounts payable and other liabilities |
296 |
319 |
(23) |
348 |
(52) |
| Unearned revenue - prepaid assessments |
- |
- |
- |
11,474 |
(11,474) |
| Refunds of prepaid assessments |
- |
5,829 |
(5,829) |
- |
- |
| Liabilities due to resolutions |
17,179 |
20,696 |
(3,517) |
24,185 |
(7,006) |
| Deferred revenue - systemic risk |
- |
- |
- |
2,668 |
(2,668) |
| Postretirement benefit liability |
224 |
224 |
- |
188 |
36 |
| Contingent liability for anticipated failures |
2,426 |
2,659 |
(233) |
4,017 |
(1,591) |
| Contingent liability for litigation losses |
6 |
8 |
(2) |
4 |
2 |
| Total Liabilities |
$20,131 |
$29,735 |
$(9,604) |
$42,884 |
$(22,753) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
(8) |
72 |
(80) |
(1) |
(7) |
| FYI: Unrealized gain (loss) on trust preferred securities |
278 |
294 |
(16) |
352 |
(74) |
| FYI: Unrealized postretirement benefit (loss) gain |
(61) |
(61) |
- |
(34) |
(27) |
| Fund Balance |
$37,871 |
$35,742 |
$2,129 |
$22,693 |
$15,178 |
|
|
|
| Negative Provision for Insurance Losses |
| $ in Millions |
|
| 2010 |
(848) |
| 2011 |
(4,414) |
2012 |
(4,223) |
Jun-13 |
(532) |
|
The negative loss provisions of $6.0 billion and $4.0 billion primarily resulted from reductions in the contingent loss reserve due to the improvement in the financial condition of institutions that were previously identified to fail and the estimated losses for institutions that had previously failed, respectively.
The $10 billion in cumulative net loss provisions have added nearly 17 basis points to the DIF reserve ratio, which was 0.59% at March 31, 2013. |
