|
|
Savings Association 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 |
$273 |
$532 |
$276 |
$151 |
$146 |
| Assessments |
6 |
15 |
8 |
3 |
4 |
| Other revenue |
0 |
0 |
1 |
0 |
1 |
| Total Revenue |
279 |
547 |
285 |
154 |
151 |
| |
|
|
|
|
|
| Operating expenses |
59 |
129 |
61 |
30 |
32 |
| Provision for insurance losses |
(1) |
(82) |
(66) |
(2) |
(45) |
| Other expenses |
0 |
0 |
0 |
0 |
0 |
| Total Expenses and Losses |
58 |
47 |
(5) |
28 |
(13) |
| |
|
|
|
|
|
| Net Income |
221 |
500 |
290 |
126 |
164 |
| Unrealized (loss)/gain on available-for-sale securities, net (current period) |
(50) |
(7) |
46 |
(109) |
13 |
| Comprehensive Income |
171 |
493 |
336 |
17 |
177 |
| |
|
|
|
|
|
| Fund Balance - Beginning |
12,240 |
11,747 |
11,747 |
12,394 |
11,906 |
| |
|
|
|
|
|
| Fund Balance - Ending |
$12,411 |
$12,240 |
$12,083 |
$12,411 |
$12,083 |
| SAIF Operating Expense |
| |
Travel |
Outside Travel |
Salaries/Benefits |
Other |
00 |
6 |
13 |
76 |
16 |
01 |
5 |
11 |
73 |
13 |
| 02 |
5 |
12 |
92 |
15 |
| 03 |
6 |
15 |
88 |
20 |
| 06/04 |
2 |
6 |
42 |
9 |
| SAIF Coverage Ratio (Interest Revenue/Operating Expenses) |
| Year |
Percentage |
00 |
5.81 |
01 |
6.24 |
| 02 |
4.55 |
| 03 |
4.12 |
| 06/04 |
4.63 |
|
