FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
December 2002

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending December
	2002	2001	2002	2001
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$1,692	$1,835	$420	$430
Assessments	84	48	22	13
Realized gain on sale of U.S. Treasury obligations	0	78	0	0
Other revenue	19	36	6	16
Total Revenue	1,795	1,997	448	459
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	821	786	203	218
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	(87)	1,756	(497)	1,445
Interest and other insurance expenses	16	17	3	5
Total Expenses and Losses	750	2,559	(291)	1,668
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income/(Loss)	1,045	(562)	739	(1,209)
Unrealized gain/(loss) on available-for-sale securities, net (current period)	566	26	(72)	(186)
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income/(Loss)	1,611	(536)	667	(1,395)
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	30,439	30,975	31,383	31,834
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$32,050	$30,439	$32,050	$30,439

**BIF Total vs. Operating Expenses**
Year	Receivership	Operating Exp	Total Expenses
96	0.47	0.51	0.98
97	0.26	0.61	0.87
98	0.13	0.70	0.83
99	0.11	0.73	0.84
00	0.048	0.773	0.82
01	0.031	0.786	0.82
12/02	0.145	0.821	0.97

Last Updated 04/08/2003

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