Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Mar-18 |
Dec-17 |
Mar-17 |
Year-Over-Year Change |
||
|---|---|---|---|---|---|
| Assessments | $2,850 | $10,595 | $2,737 | $113 | |
| Interest on U.S. Treasury securities | 338 | 1,057 | 227 | 111 | |
| Other revenue | 1 | 12 | 2 | (1) | |
| Total Revenue | $3,189 | $11,664 | $2,966 | $223 | |
| Operating expenses | 433 | 1,740 | 442 | (9) | |
| Provision for insurance losses | (65) | (183) | 765 | (830) | |
| Insurance and other expenses | 0 | 2 | 0 | 0 | |
| Total Expenses and Losses | $368 | $1,559 | $1,207 | $(839) | |
| Net Income | 2,821 | 10,105 | 1,759 | 1,062 | |
| Unrealized gain (loss) on U.S. Treasury securities, net | (496) | (500) | 7 | (503) | |
| Unrealized postretirement benefit gain (loss) | - | (20) | - | - | |
| Comprehensive Income | $2,325 | $9,585 | $1,766 | $559 |