|
|
Bank Insurance Fund,
Balance Sheets
March 2004
Dollars in Millions
|
Unaudited
March 31 2004 |
December 31 2003 |
Unaudited March 31
2003 |
|
Assets |
|
|
|
|
Cash and cash equivalents |
$2,336 |
$2,544 |
$4,029 |
|
Investment in U.S. Treasury obligations, net |
|
|
|
|
Held-to-maturity securities |
16,826 |
16,293 |
15,997 |
|
Available-for-sale securities |
14,316 |
14,210 |
11,593 |
|
Interest receivable on investments and other assets, net |
597 |
551 |
483 |
|
Receivables from bank resolutions, net |
379 |
511 |
1,179 |
|
Property and equipment, net |
297 |
288 |
291 |
|
Total Assets |
34,751 |
34,397 |
33,572 |
|
|
|
|
|
|
Liabilities |
|
|
|
| Accounts payable and
other liabilities |
227 |
232 |
104 |
| Contingent
liabilities for: |
|
|
|
| Anticipated
failure of insured institutions |
156 |
178 |
872 |
| Litigation
losses and other |
204 |
205 |
214 |
| Total Liabilities |
587 |
615 |
1,190 |
| |
|
|
|
| Fund Balance |
|
|
|
| Accumulated net
income |
33,187 |
32,980 |
31,466 |
| Unrealized gain on
available-for-sale securities, net |
977 |
802 |
916 |
| Total Fund
Balance |
34,164 |
33,782 |
32,382 |
| Total Liabilities
and Fund Balance |
$34,751 |
$34,397 |
$33,572 |
Investment Portfolio Total
Returns
| Period |
BIF |
Merrill Lynch 1-10 Yr U.S.
Treasury Index |
Variance |
|
Year-to-Date
(01/01/04 - 03/31/04) |
1.752% |
2.068% |
-0.316% |
|
For the Year
Ending 12/31/2003 |
3.042% |
2.131% |
0.911% |
|
01/01/01 -
03/31/04 |
6.612% |
6.553% |
0.059% |
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 |
|
03/04 |
156 |
|
|
