|
|
Bank Insurance Fund, Statements of Income & Fund Balance
June 2004
Dollars in Millions
| |
Unaudited June 30 2004 |
December 31 2003 |
Unaudited June 30 2003 |
Unaudited Quarter Ending June 2004 |
Unaudited Quarter Ending June 2003 |
| Revenue |
|
|
|
|
|
| Interest on U.S. Treasury obligations |
$764 |
$1,530 |
$801 |
$424 |
$425 |
| Assessments |
38 |
80 |
38 |
19 |
19 |
| Other revenue |
14 |
16 |
9 |
11 |
4 |
| Total Revenue |
816 |
1,626 |
848 |
454 |
448 |
| |
|
|
|
|
|
| Expenses and Losses |
|
|
|
|
|
| Operating expenses |
397 |
805 |
374 |
207 |
199 |
| Provision for insurance losses |
(69) |
(931) |
(142) |
(32) |
(133) |
| Interest and other insurance expenses |
3 |
10 |
7 |
1 |
2 |
| Total Expenses and Losses |
331 |
(116) |
239 |
176 |
68 |
| |
|
|
|
|
|
| Net Income |
485 |
1,742 |
609 |
278 |
380 |
| Unrealized (loss)/gain on available-for-sale securities, net (current period) |
(157) |
(10) |
141 |
(332) |
38 |
| Comprehensive Income |
328 |
1,732 |
750 |
(54) |
418 |
| |
|
|
|
|
|
| Fund Balance - Beginning |
33,782 |
32,050 |
32,050 |
34,164 |
32,382 |
| Fund Balance - Ending |
$34,110 |
$33,782 |
$32,800 |
$34,110 |
$32,800 |
| BIF Operating Expense |
|
|
Depreciation |
Other |
Travel |
Salaries/Benefits |
Outside Services |
00 |
30 |
69 |
43 |
541 |
90 |
01 |
46 |
71 |
37 |
544 |
88 |
|
02 |
49 |
56 |
38 |
600 |
78 |
|
03 |
56 |
70 |
41 |
556 |
82 |
|
06/04 |
21 |
40 |
19 |
281 |
36 |
| BIF Coverage Ratio (Interest Revenue/Operating Expenses) |
| Year |
Percentage |
00 |
2.36 |
01 |
2.33 |
|
02 |
2.06 |
|
03 |
1.90 |
|
06/04 |
1.92 |
|
