FDIC: Chief Financial Officer's (CFO) Report to the Board


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Chief Financial Officer's (CFO) Report to the Board

DIF Income Statement - First Quarter 2009

Fund Financial Results

($ in millions)

Income Statement
	Unaudited Mar-09	Audited Dec-08	Unaudited Mar-08	Year-Over-Year Change
Assessments earned	$2,615	$2,965	$448	$2,167
Systemic risk revenue	73	1,464	$0	$73
Interest earned on investment securities	212	2,072	$618	($406)
Realized gain on sale of securities	136	775	$0	$136
Other revenue	2	31	$1	$1
Total Revenue	$3,038	$7,307	$1,067	$1,971
Operating expenses (includes depreciation expense)	266	1,033	$238	$28
Systemic risk expenses	73	1,464	$0	$73
Provision for insurance losses	6,637	41,839	$525	$6,112
Other expenses	0	4	$1	$(1)
Total Expenses & Losses	$6,976	$44,340	$764	$6,212
Net (Loss)/Income	($3,938)	($37,033)	$303	($4,241)
Unrealized gain/(loss) on available-for-sale securities, net	(331)	1,891	$127	($458)
Unrealized postretirement benefit gain/(loss)	0	5	$0	$0
YTD Comprehensive (Loss)/Income	($4,269)	($35,137)	$430	($4,699)

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Last Updated 06/22/2009

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