|
Chief
Financial Officer's (CFO) Report to the Board
301 Moved Permanently
301 Moved Permanently
openresty
 |
DIF
Balance Sheet -
First Quarter 2012
| Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Unaudited
Mar-12 |
Audited Dec-11 |
Quarterly
Change |
Unaudited
Mar-11 |
Year-Over-Year
Change |
| Cash and cash equivalents |
$741 |
$3,278 |
($2,537) |
$23,496 |
($22,755) |
| Cash and investments - restricted - systemic risk |
4,723 |
4,828 |
(105) |
6,996 |
(2,273) |
| Investment in U.S. Treasury obligations, net |
33,937 |
33,863 |
74 |
14,894 |
19,043 |
| Trust preferred securities |
2,329 |
2,213 |
116 |
2,345 |
(16) |
| Assessments receivable, net |
318 |
282 |
36 |
206 |
112 |
| Receivables and other assets - systemic risk |
1,974 |
1,948 |
26 |
2,243 |
(269) |
| Interest receivable on investments and other assets, net |
505 |
488 |
17 |
264 |
241 |
| Receivables from resolutions, net |
28,963 |
28,549 |
414 |
29,748 |
(785) |
| Property and equipment, net |
389 |
402 |
(13) |
407 |
(18) |
| Total Assets |
$73,879 |
$75,851 |
($1,972) |
$80,599 |
($6,720) |
| Accounts payable and other liabilities |
364 |
374 |
(10) |
480 |
(116) |
| Unearned revenue - prepaid assessments |
14,002 |
17,400 |
(3,398) |
26,766 |
(12,764) |
| Liabilities due to resolutions |
32,000 |
32,791 |
(791) |
30,883 |
1,117 |
| Debt Guarantee Program liabilities - systemic risk |
- |
117 |
(117) |
11 |
(11) |
| Deferred revenue - systemic risk |
6,698 |
6,640 |
58 |
9,088 |
(2,390) |
| Postretirement benefit liability |
188 |
188 |
- |
166 |
22 |
| Contingent liability for anticipated failures |
5,330 |
6,511 |
(1,181) |
13,788 |
(8,458) |
| Contingent liability for systemic risk |
- |
2 |
(2) |
140 |
(140) |
| Contingent liability for litigation losses |
5 |
1 |
4 |
300 |
(295) |
| Total Liabilities |
$58,587 |
$64,024 |
($5,437) |
$81,622 |
($23,035) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
92 |
48 |
44 |
37 |
55 |
| FYI: Unrealized gain (loss) on trust preferred securities |
367 |
251 |
116 |
383 |
(16) |
| FYI: Unrealized postretirement benefit (loss) gain |
(34) |
(34) |
- |
(19) |
(15) |
| Fund Balance |
$15,292 |
$11,827 |
$3,465 |
($1,023) |
$16,315 |
|
| Primary Contributors to the Change in the Fund Balance ($ in million) |
| |
Assessments |
Provision for Losses |
Change in Fund Balance |
4th Qtr.
2010 |
$3,498 |
($2,446) |
$657 |
| 1st Qtr 2011 |
$3,484 |
$3,089 |
$6,329 |
| 2nd Qtr 2011 |
$3,163 |
$2,095 |
$4,939 |
| 3rd Qtr 2011 |
$3,642 |
$763 |
$3,897 |
| 4th Qtr 2011 |
$3,209 |
($1,533) |
$4,014 |
| 1st Qtr 2012 |
$3,694 |
($12) |
$3,465 |
|
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