|
|
Bank Insurance Fund,
Balance Sheets
June 2004
Dollars in Millions
| |
Unaudited June 30
2004 |
December 31 2003 |
Unaudited June 30
2003 |
|
Assets |
|
|
|
|
Cash and cash equivalents |
$1,696 |
$2,544 |
$3,395 |
|
Investment in U.S. Treasury obligations, net |
|
|
|
|
Held-to-maturity securities |
19,437 |
16,293 |
16,621 |
|
Available-for-sale securities |
12,262 |
14,210 |
12,600 |
|
Interest receivable on investments and other assets, net |
589 |
551 |
480 |
|
Receivables from bank resolutions, net |
395 |
511 |
623 |
|
Property and equipment, net |
317 |
288 |
286 |
|
Total Assets |
34,696 |
34,397 |
34,005 |
|
|
|
|
|
|
Liabilities |
|
|
|
| Accounts payable and
other liabilities |
256 |
232 |
211 |
| Contingent
liabilities for: |
|
|
|
| Anticipated
failure of insured institutions |
129 |
178 |
785 |
| Litigation
losses and other |
201 |
205 |
209 |
| Total Liabilities |
586 |
615 |
1,205 |
| |
|
|
|
| Fund Balance |
|
|
|
| Accumulated net
income |
33,465 |
32,980 |
31,847 |
| Unrealized gain on
available-for-sale securities, net |
645 |
802 |
953 |
| Total Fund
Balance |
34,110 |
33,782 |
32,800 |
| Total Liabilities
and Fund Balance |
$34,696 |
$34,397 |
$34,005 |
| Investment Portfolio Total
Returns |
| Period |
BIF |
Merrill Lynch 1-10 Yr U.S.
Treasury Index |
Variance |
|
Year-to-Date
(01/01/04 - 06/30/04) |
0.542% |
-0.215% |
0.757% |
|
For the Year
Ending 12/31/2003 |
3.042% |
2.131% |
0.911% |
|
01/01/01 -
06/30/04 |
5.763% |
5.388% |
0.375% |
Source: Monthly Investment Status Report - June 2004
This graph compares the contingent liability to the estimated losses for
the banks that failed in the subsequent twelve months.
| Estimated Liabilities for Future Failures |
| |
Contingent liability
for anticipated failures |
Estimated Loss of
actual failures |
00 |
141 |
5 |
| 01 |
1,911 |
628 |
|
02 |
1,008 |
100 |
|
03 |
178 |
103 |
|
06/04 |
129 |
|
|
