Chief Financial Officer's (CFO) Report to the Board
DIF Balance Sheet - Third Quarter 2017
Fund Financial Results | ($ in millions) |
|
Unrealized Gain(Loss) on U.S. Treasury Securities (per the Balance Sheet) |
|
Quarter | |
1Q16 | 402,667 |
2Q16 | 512,693 |
3Q16 | 346,153 |
4Q16 | 20,272 |
1Q17 | 28,423 |
2Q17 | 15,962 |
3Q17 | (17,197) |
The decrease in unrealized gains on the DIF portfolio’s U.S. Treasury securities since mid-2016 was the result of yields rising dramatically across all maturity sectors of the Treasury yield curve, resulting in declines in the securities’ market values relative to their book values.