FDIC: Financial Analysis Report

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Financial Analysis Report

Savings Association Insurance Fund
Balance Sheets
December 2003

Dollars in Millions	December 31	December 31
	2003	2002
Assets	empty cell	empty cell
Cash and cash equivalents - unrestricted	$ 827	$ 1,907
Cash and other assets - restricted for SAIF-member exit fees	319	312
Investment in U.S. Treasury obligations, net
Held-to-maturity securities	6,824	5,727
Available-for-sale securities	4,152	3,770
Interest receivable on investments and other assets, net	189	153
Receivables from bank resolutions, net	273	288
Total Assets	$ 12,584	$12,157
empty cell	empty cell	empty cell
Liabilities	empty cell	empty cell
Accounts payable and other liabilities	$ 21	$ 7
Contingent Liabilities for:	empty cell	empty cell
Anticipated failure of insured institutions	3	90
Litigation losses	1	1
SAIF-member exit fees and investment proceeds held in escrow	319	312
Total Liabilities	344	410

Fund Balance	empty cell	empty cell
Accumulated net income	11,966	11,466
Unrealized gain on available-for-sale securities, net	274	281
Total Fund Balance	12,240	11,747
Total Liabilities and Fund Balance	$12,584	$12,157

Investment Portfolio Total Returns
Period	BIF	Merrill Lynch 1-10 Yr U.S. Treasury Index	Variance
Year-to-date (01/01/03 - 12/31/03)	3.010%	2.131%	0.879%
For the Year Ending (12/31/03)	9.891%	9.054%	0.837%
01/01/01 - 12/31/03 (Annualized)	6.757%	6.390%	0.367%

**Estimated Liabilities for Future Failures**
Year	Contingent Liability for anticipated failures	Estimated loss of actual failures
99	56	1
00	234	440
01	233	2
02	90	0
03	3	0

Last Updated 02/20/2004

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