|
|
Bank Insurance Fund, Statements of Income
& Fund Balance
March 2004
Dollars in Millions
|
Unaudited
March 31 2004 |
December 31 2003 |
Unaudited March 31
2003 |
Unaudited
Quarter Ending March |
|
|
|
|
|
2004 |
2003 |
|
Revenue |
|
|
|
|
|
|
Interest on U.S. Treasury obligations |
$340 |
$1,530 |
$376 |
$340 |
$376 |
|
Assessments |
19 |
80 |
19 |
19 |
19 |
|
Other revenue |
3 |
16 |
5 |
3 |
5 |
|
Total Revenue |
362 |
1,626 |
400 |
362 |
400 |
| |
|
|
|
|
|
| Expenses and
Losses |
|
|
|
|
|
|
Operating expenses |
190 |
805 |
175 |
190 |
175 |
|
Provision for insurance losses |
(37) |
(928) |
(6) |
(37) |
(6) |
|
Interest and other insurance expenses |
2 |
7 |
2 |
2 |
2 |
|
Total Expenses and Losses |
155 |
(116) |
171 |
155 |
171 |
|
|
|
|
|
|
|
|
et Income |
207 |
1,742 |
229 |
207 |
229 |
|
Unrealized gain/(loss) on available-for-sale securities, net
(current period) |
175 |
(10) |
103 |
175 |
103 |
|
Comprehensive Income |
382 |
1,732 |
332 |
382 |
332 |
| |
|
|
|
|
|
| Fund Balance -
Beginning |
33,782 |
32,050 |
32,050 |
33,782 |
32,050 |
| Fund Balance -
Ending |
$34,164 |
$33,782 |
$32,382 |
$34,164 |
$32,382 |
SAIF
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 |
|
03/04 |
10 |
21 |
8 |
138 |
13 |
SAIF
Coverage Ratio (Interest Revenue/Operating Expenses)
| Year |
Percentage |
00 |
2.36 |
01 |
2.33 |
|
02 |
2.06 |
|
03 |
1.90 |
|
03/04 |
1.79 |
|
