|
|
Savings Association 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 |
$122 |
$532 |
$130 |
$122 |
$130 |
|
Assessments |
3 |
15 |
4 |
3 |
4 |
|
Other revenue |
0 |
0 |
0 |
0 |
0 |
|
Total Revenue |
125 |
547 |
134 |
125 |
134 |
| |
|
|
|
|
|
|
Operating expenses |
29 |
129 |
29 |
29 |
29 |
|
Provision for insurance losses |
1 |
(82) |
(21) |
1 |
(21) |
|
Other expenses |
0 |
0 |
0 |
0 |
0 |
|
Total Expenses and Losses |
30 |
47 |
8 |
30 |
8 |
|
|
|
|
|
|
|
|
Net Income |
95 |
500 |
126 |
95 |
126 |
|
Unrealized gain/(loss) on available-for-sale securities, net
(current period) |
59 |
(7) |
33 |
59 |
33 |
|
Comprehensive Income |
154 |
493 |
159 |
154 |
159 |
| |
|
|
|
|
|
| Fund Balance -
Beginning |
12,240 |
11,747 |
11,747 |
12,240 |
11,747 |
| |
|
|
|
|
|
| Fund Balance -
Ending |
$12,394 |
$12,240 |
$11,906 |
$12,394 |
$11,906 |
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 |
|
03/04 |
1 |
2 |
22 |
4 |
SAIF
Coverage Ratio (Interest Revenue/Operating Expenses)
|
Year |
Percentage |
00 |
5.81 |
01 |
6.24 |
|
02 |
4.55 |
|
03 |
4.12 |
|
03/04 |
4.21 |
|
|
|
|
