|
|
Bank Insurance Fund, Statements of Cash Flows
June 2004
Dollars in Millions
| |
Unaudited June 30 |
December 31 2003 |
Unaudited June 30 2003 |
| Operating Activities |
|
|
|
| Net Income: |
$485 |
$1,782 |
$609 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Amortization of U.S. Treasury obligations |
393 |
456 |
150 |
| TIIS Inflation Adjustment |
(92) |
(115) |
(77) |
| Depreciation on property and equipment |
27 |
55 |
27 |
| Provision for losses |
(69) |
(931) |
(142) |
| Retirement of property and equipment |
0 |
1 |
0 |
| |
|
|
|
| Changes in Operating Assets and Liabilities |
|
|
|
| (Increase) Decrease in interest receivable and other assets |
(31) |
(70) |
2 |
| (Increase) Decrease in receivables from bank resolutions |
128 |
102 |
(190) |
| Increase in accounts payable and other liabilities |
22 |
85 |
74 |
| Decrease in contingent liabilities for litigation losses and other |
0 |
(25) |
(24) |
| Net Cash Provided by Investing Activities |
863 |
1,300 |
429 |
| |
|
|
|
| Investing Activities |
|
|
|
| Provided by: |
|
|
|
| Maturity of U.S. Treasury obligations, held-to-maturity |
1,210 |
3,890 |
1,285 |
| Maturity or sale of U.S. Treasury obligations, available-for-sale |
3,040 |
1,690 |
720 |
| |
|
|
|
| Used by: |
|
|
|
| Purchase of property and equipment |
(57) |
(43) |
(22) |
| Purchase of U.S. Treasury obligations, held-to-maturity |
(4,483) |
(3,660) |
(1,259) |
| Purchase of U.S. Treasury obligations, available-for-sale |
(1,421) |
(5,240) |
(2,365) |
| Net Cash Used by Investing Activities |
(1,711) |
(3,363) |
(1,641) |
| |
|
|
|
| Net Decrease in Cash and Cash Equivalents |
(848) |
(2,063) |
(1,212) |
| Cash and Cash Equivalents - Beginning |
2,544 |
4,607 |
4,607 |
| Cash and Cash Equivalents - Ending |
$1,696 |
$2,544 |
$3,395 |
| BIF Portfolio Expected Maturities and Coupons |
| |
Maturities |
Coupons |
4 |
4,925 |
1,042 |
5 |
5,150 |
1,442 |
6 |
3,375 |
1,081 |
7 |
3,970 |
820 |
8 |
2,830 |
539 |
|
