FDIC: Financial Analysis Report

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Financial Analysis Report

Savings Association 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	$532	$564	$132	$143
Assessments	15	24	4	6
Other revenue	0	1	0	0
Total Revenue	547	589	136	149
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	129	124	35	32
Provision for insurance losses	(82)	(156)	10	(70)
Other expenses	0	1	0	0
Total Expenses and Losses	47	(31)	45	(38)
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	500	620	91	187
Unrealized gain/(loss) on available-for-sale securities, net (current period)	(7)	192	(37)	(26)
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	493	812	54	161
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	11,747	10,935	12,186	11,586
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$12,240	$11,747	$12,240	$11,747

**SAIF Operating Expenses**
Year	Other	Travel	Outside Services	Salaries/ Benefits
99	13	6	13	61
00	16	6	13	76
01	13	5	11	73
02	15	5	12	92
03	20	6	15	88

SAIF Coverage Ratio (Interest Revenue/Operating Expenses)

Year

Receivership

99

6.30

00

5.80

01

6.22

02

4.55

03

4.12

Last Updated 02/20/2004

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