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|
DIF
Balance Sheet -
Fourth Quarter 2011
Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Unaudited
Dec-11 |
Sep-11 |
Quarterly
Change |
Audited
Dec-10 |
Year-Over-Year
Change |
Cash and cash equivalents |
$3,278 |
$9,929 |
($6,651) |
$27,077 |
($23,799) |
Cash and investments - restricted - systemic risk |
4,827 |
7,393 |
(2,566) |
6,647 |
(1,820) |
Investment in U.S. Treasury obligations, net |
33,863 |
25,370 |
8,493 |
12,371 |
21,492 |
Trust preferred securities |
2,213 |
2,179 |
34 |
2,298 |
(85) |
Assessments receivable, net |
282 |
231 |
51 |
218 |
64 |
Receivables and other assets - systemic risk |
1,948 |
1,834 |
114 |
2,269 |
(321) |
Interest receivable on investments and other assets, net |
488 |
320 |
168 |
260 |
228 |
Receivables from resolutions, net |
28,549 |
29,316 |
(767) |
29,533 |
(984) |
Property and equipment, net |
402 |
401 |
1 |
416 |
(14) |
Total Assets |
$75,850 |
$76,973 |
($1,123) |
$81,089 |
($5,239) |
Accounts payable and other liabilities |
374 |
369 |
5 |
514 |
(140) |
Unearned revenue - prepaid assessments |
17,400 |
20,360 |
(2,960) |
30,057 |
(12,657) |
Liabilities due to resolutions |
32,791 |
31,492 |
1,299 |
30,512 |
2,279 |
Debt Guarantee Program liabilities - systemic risk |
117 |
116 |
1 |
29 |
88 |
Deferred revenue - systemic risk |
6,640 |
9,101 |
(2,461) |
9,055 |
(2,415) |
Postretirement benefit liability |
188 |
166 |
22 |
166 |
22 |
Contingent liability for anticipated failures |
6,511 |
7,247 |
(736) |
17,688 |
(11,177) |
Contingent and actual liability for systemic risk |
2 |
9 |
(7) |
120 |
(118) |
Contingent liability for litigation losses |
1 |
300 |
(299) |
300 |
(299) |
Total Liabilities |
$64,024 |
$69,160 |
($5,136) |
$88,441 |
($24,417) |
FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
48 |
41 |
7 |
27 |
21 |
FYI: Unrealized gain (loss) on trust preferred securities |
251 |
218 |
33 |
336 |
(85) |
FYI: Unrealized postretirement benefit (loss) gain |
(34) |
(19) |
(15) |
(19) |
(15) |
Fund Balance |
$11,826 |
$7,813 |
$4,013 |
($7,352) |
$19,178 |
|
- Since year-end 2009, the net receivables from resolutions has declined by $9.9 B to $28.5 B at year-end 2011.
- During 2010, the net receivables declined by $8.9 B primarily due to the receipt of cash & non-cash dividends totaling $19.3 B from prior year failures and a $1.3 B increase in the estimated losses for prior year failures, partially offset by $11.1 B of net receivables from current year failures.
- During 2011, the net receivables declined by $1.0 B primarily due to the receipt of cash & non-cash dividends totaling $7.8 B, offset by $5.4 B of net receivables from current year failures and a $0.7 B decrease in the estimated losses for prior year failures.
Downward Trend in Net Receivables from Resolutions ($ in million) |
Quarter
End |
Net Receivable |
4th
Qtr. 2009
|
$38,409 |
1st Qtr.
2010 |
$39,091 |
2nd Qtr.
2010 |
$50,451 |
3rd Qtr.
2010 |
$49,684 |
4th Qtr.
2010 |
$29,533 |
1st Qtr 2011 |
$29,748 |
2nd Qtr 2011 |
$29,126 |
3rd Qtr 2011 |
$29,316 |
4th Qtr 2011 |
$28,549 |
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