|
|
Savings Association 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 - unrestricted |
$668 |
$827 |
$2,305 |
|
Cash and other assets - restricted for SAIF-member exit fees |
321 |
319 |
314 |
|
Investment in U.S. Treasury obligations, net |
|
|
|
|
Held-to-maturity securities |
7,250 |
6,824 |
5,571 |
|
Available-for-sale securities |
4,011 |
4,152 |
3,685 |
| Interest receivable
on investments and other assets, net |
210 |
189 |
141 |
| Receivables from
thrift resolutions, net |
278 |
273 |
288 |
|
Total Assets |
$12,738 |
$12,584 |
$12,304 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
Accounts payable and other liabilities |
$19 |
$21 |
$14 |
|
Contingent liabilities for: |
|
|
|
|
Anticipated failure of insured institutions
|
3 |
3 |
69 |
| Litigation losses |
1 |
1 |
1 |
| SAIF-member exit
fees and investment proceeds held in escrow |
321 |
319 |
314 |
| Total Liabilities |
$344 |
$344 |
$398 |
| |
|
|
|
| Fund Balance |
|
|
|
| Accumulated net
income |
12,061 |
11,966 |
11,592 |
| Unrealized gain on
available-for-sale securities, net |
333 |
274 |
314 |
| Total Fund
Balance |
12,394 |
12,240 |
11,906 |
|
Total Liabilities
and Fund Balance |
$12,738 |
$12,584 |
$12,304 |
|
Investment Portfolio Total
Returns |
| Period |
SAIF |
Merrill Lynch 1-10 Yr U.S.
Treasury Index |
Variance |
| Year-to-Date
(01/01/04 - 03/31/04) |
1.965% |
2.068% |
-0.103% |
| For the Year
Ending 12/31/2003 |
3.010% |
2.131% |
0.879% |
| 01/01/01 -
03/31/04 |
6.859% |
6.553% |
0.306% |
Estimated Liabilities for Future Failures
| |
Contingent liability
for anticipated failures |
Estimated Loss of
actual failures |
00 |
234 |
440 |
| 01 |
233 |
2 |
|
02 |
90 |
0 |
|
03 |
3 |
0 |
|
03/04 |
3 |
|
|
|
|
