FDIC: Financial Analysis Report

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Financial Analysis Report

Bank Insurance Fund
Statements of Income and Fund Balance
December 2003

Dollars in Millions	Year-to-Date:		(Unaudited) Quarter Ending December
	2003	2002	2003	2002
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$1,530	$1,692	$377	$420
Assessments	80	84	20	22
Other revenue	16	19	4	6
Total Revenue	1,626	1,795	401	448
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	805	821	219	203
Provision for insurance losses	(928)	(87)	(246)	(497)
Interest and other insurance expenses	7	16	2	3
Total Expenses and Losses	(116)	750	(25)	(291)
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	1,742	1,045	426	739
Unrealized (loss)/gain on available-for-sale securities, net (current period)	(10)	566	(106)	(72)
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	1,732	1,611	320	667
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	32,050	30,439	33,462	31,383
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$33,782	$32,050	$33,782	$32,050

**BIF Operating Expenses**
Year	Depreciation	Other	Travel	Outside Services	Salaries/ Benefits
99	17	63	47	106	497
00	30	69	43	90	541
01	46	71	37	88	544
02	49	56	38	78	600
03	56	70	41	82	556

BIF Coverage Ratio (Interest Revenue/Operating Expenses)

Year

Receivership

99

2.38

00

2.36

01

2.33

02

2.06

03

1.90

Last Updated 02/20/2004

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