Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Jun-20 |
Mar-20 |
Quarterly Change |
Jun-19 |
Year-Over-Year Change |
|
|---|---|---|---|---|---|
| Assessments | $3,162 | $1,372 | $1,790 | $2,556 | $606 |
| Interest on US Treasury securities | 961 | 507 | 454 | 1,042 | (81) |
| Other revenue | 6 | 3 | 3 | 12 | (6) |
| Total Revenue | $4,129 | $1,882 | $2,247 | $3,610 | $519 |
| Operating expenses | 925 | 460 | 465 | 893 | 32 |
| Provision for insurance losses | (35) | 12 | (47) | (1,006) | 971 |
| Insurance and other expenses | 2 | 1 | 1 | 1 | 1 |
| Total Expenses and Losses | $892 | $473 | $419 | ($112) | $1,004 |
| Net Income | $3,237 | $1,409 | $1,828 | $3,722 | ($485) |
| Unrealized gain (loss) on US Treasury securities, net | 1,067 | 1,450 | (383) | 1,115 | (48) |
| Unrealized postretirement benefit gain (loss) | 0 | 0 | 0 | 0 | 0 |
| Comprehensive Income | $4,304 | $2,859 | $1,445 | $4,837 | ($533) |