FDIC: Executive Management Report

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Executive Management Report

Savings Association 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	$564	$634	$143	$140
Assessments	24	35	6	8
Realized gain on sale of U.S. Treasury obligations	0	52	0	24
Other revenue	1	12	0	6
Total Revenue	589	733	149	178
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	124	102	32	28
Provision for insurance losses	(156)	443	(70)	(66)
Other expenses	1	19	0	15
Total Expenses and Losses	(31)	564	(38)	(23)
empty cell	empty cell	empty cell	empty cell	empty cell
Net Income	620	169	187	201
Unrealized gain/(loss) on available-for-sale securities, net (current period)	192	7	(26)	(81)
empty cell	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	812	176	161	120
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	10,935	10,759	11,586	10,815
empty cell	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$11,747	$10,935	$11,747	$10,935

Last Updated 04/08/2003

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