|
|
Savings Association 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: |
$221 |
$500 |
$290 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: |
|
|
|
| Amortization of U.S. Treasury obligations (unrestricted) |
139 |
156 |
45 |
| TIIS Inflation Adjustment |
(31) |
(39) |
(26) |
| Provision for losses |
(1) |
(82) |
(66) |
| |
|
|
|
| Changes in Operating Assets and Liabilities |
|
|
|
| Decrease (Increase) in unamortized premium and discount of U.S. Treasury obligations (restricted) |
0 |
1 |
0 |
| Decrease (Increase) in entrance and exit fees receivable, including interest receivable on investments and other assets |
(18) |
(33) |
(6) |
| (Increase) Decrease in receivables from thrift resolutions |
(1) |
9 |
3 |
| (Decrease) Increase in accounts payable and other liabilities |
(1) |
13 |
11 |
| Increase (Decrease) in exit fees and investment proceeds held in escrow |
4 |
7 |
4 |
| Net Cash Provided by Investing Activities |
312 |
532 |
255 |
| |
|
|
|
| Investing Activities |
|
|
|
| Provided by: |
|
|
|
| Maturity of U.S. Treasury obligations, held-to-maturity |
725 |
1,170 |
325 |
| Maturity or U.S. Treasury obligations, available-for-sale |
455 |
575 |
300 |
| |
|
|
|
| Used by: |
|
|
|
| Purchase of U.S. Treasury obligations, held-to-maturity |
(1,960) |
(2,305) |
(629) |
| Purchase of U.S. Treasury obligations, available-for-sale |
0 |
(1,008) |
(673) |
| Net Cash Provided by Investing Activities |
(780) |
(1,568) |
(677) |
| |
|
|
|
| Net Decrease in Cash and Cash Equivalents |
(468) |
(1,036) |
(422) |
| Cash and Cash Equivalents - Beginning |
1,059 |
2,095 |
2,095 |
| Unrestricted Cash and Cash Equivalents - Ending |
434 |
827 |
1,445 |
| Restricted Cash and Cash Equivalents - Ending |
157 |
232 |
228 |
| Cash and Cash Equivalents - Ending |
$591 |
$1,059 |
$1,673 |
| SAIF Portfolio Expected Maturities and Coupons |
| |
Maturities |
Coupons |
04 |
1,850 |
379 |
05 |
1,180 |
529 |
06 |
1,245 |
439 |
07 |
1,385 |
333 |
08 |
1,218 |
239 |
|
