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


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

DIF Balance Sheet - Second Quarter 2015

Fund Financial Results

($ in millions)

Balance Sheet
	Unaudited Jun-15	Unaudited Mar-15	Quarterly Change	Unaudited Jun-14	Year-Over-Year Change
Cash and cash equivalents	$2,544	$3,729	$(1,185)	$2,409	$135
Investment in U.S. Treasury obligations, net	55,850	50,591	5,259	45,416	10,434
Assessments receivable, net	2,177	2,051	126	2,204	(27)
Interest receivable on investments and other assets, net	590	373	217	577	13
Receivables from resolutions, net	14,862	17,258	(2,396)	14,211	651
Property and equipment, net	364	365	(1)	359	5
Total Assets	$76,387	$74,367	$2,020	$65,176	$11,211
Accounts payable and other liabilities	278	243	35	256	22
Liabilities due to resolutions	7,593	7,868	(275)	12,169	(4,576)
Postretirement benefit liability	243	243	-	194	49
Contingent liability for anticipated failures	684	717	(33)	1,493	(809)
Contingent liability for litigation losses	0	0	0	5	(5)
Total Liabilities	$8,798	$9,071	$(273)	$14,117	$(5,319)
FYI: Unrealized gain (loss) on U.S. Treasury investments, net	248	282	(34)	118	130
FYI: Unrealized postretirement benefit (loss) gain	(58)	(58)	-	(16)	(42)
Fund Balance	$67,589	$65,296	$2,293	$51,059	$16,530

DIF Resolution Activity (Dollars in Billions)
	Number	Assets	Est. Losses	Outlays
YTD 2015	5	$5.4	$0.8	$1.7
2014	18	$3.0	$0.4	$0.9
2013	24	$5.8	$1.3	$1.6
2012	51	$11.8	$2.7	$4.6
2011	92	$36.6	$7.1	$9.3
2010	157	$93.2	$16.9	$32.9
2009	140	$171.2	$27.7	$48.0
2008	25	$361.6	$18.3	$31.7
Total	512	$688.6	$75.2	$130.7

Estimated Losses exclude Transaction Account Guarantee Losses under the FDIC's Temporary Liquidity Guarantee Program.

2008 includes Washington Mutual failure with total assets of $299 billion and zero estimated losses and outlays to the DIF.

Last Updated 10/28/2015

Federal Deposit
Insurance Corporation