Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Sep-20 |
Jun-20 |
Quarterly Change |
Sep-19 |
Year-Over-Year Change |
|
|---|---|---|---|---|---|
| Assessments | $5,209 | $3,162 | $2,047 | $3,667 | $1,542 |
| Interest on US Treasury securities | 1,353 | 961 | 392 | 1,586 | (233) |
| Other revenue | 12 | 6 | 6 | 17 | (5) |
| Total Revenue | $6,574 | $4,129 | $2,445 | $5,270 | $1,304 |
| Operating expenses | 1,376 | 925 | 451 | 1,336 | 40 |
| Provision for insurance losses | (109) | (35) | (74) | (1,198) | 1,089 |
| Insurance and other expenses | 3 | 2 | 0 | 2 | 1 |
| Total Expenses and Losses | $1,270 | $892 | $378 | $140 | $1,130 |
| Net Income | $5,304 | $3,237 | $2,067 | $5,130 | $174 |
| Unrealized gain (loss) on US Treasury securities, net | 783 | 1,067 | (284) | 1,201 | (418) |
| Unrealized postretirement benefit gain (loss) | 0 | 0 | 0 | 0 | 0 |
| Comprehensive Income | $6,087 | $4,304 | $1,783 | $6,331 | ($244) |