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Chief
Financial Officer's (CFO) Report to the Board
301 Moved Permanently
301 Moved Permanently
openresty
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DIF
Balance Sheet -
Fourth Quarter 2014
Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Audited Dec-14 |
Unaudited Sep-14 |
Quarterly
Change |
Audited Dec-13 |
Year-Over-Year
Change |
Cash and cash equivalents |
$1,914 |
$2,115 |
($201) |
$3,543 |
($1,629) |
Investment in U.S. Treasury obligations, net |
49,806 |
47,783 |
2,023 |
38,511 |
11,295 |
Assessments receivable, net |
2,003 |
2,072 |
(69) |
2,228 |
(225) |
Interest receivable on investments and other assets, net |
652 |
382 |
270 |
511 |
141 |
Receivables from resolutions, net |
18,181 |
15,227 |
2,954 |
16,345 |
1,836 |
Property and equipment, net |
373 |
357 |
16 |
377 |
(4) |
Total Assets |
$72,929 |
$67,936 |
$4,993 |
$61,515 |
$11,414 |
Accounts payable and other liabilities |
291 |
255 |
36 |
300 |
(9) |
Liabilities due to resolutions |
7,799 |
11,260 |
(3,461) |
12,626 |
(4,827) |
Postretirement benefit liability |
243 |
194 |
49 |
194 |
49 |
Contingent liability for anticipated failures |
1,815 |
1,902 |
(87) |
1,199 |
616 |
Contingent liability for litigation losses |
1 |
5 |
(4) |
5 |
(4) |
Total Liabilities |
$10,149 |
$13,616 |
($3,467) |
$14,324 |
($4,175) |
FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
51 |
27 |
24 |
20 |
31 |
FYI: Unrealized gain (loss) on trust preferred securities |
- |
- |
- |
- |
- |
FYI: Unrealized postretirement benefit (loss) gain |
(58) |
(16) |
(42) |
(16) |
(42) |
Fund Balance |
$62,780 |
$54,320 |
$8,460 |
$47,191 |
$15,589 |
|
|
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Quarterly Assessment Premiums (based on insurance coverage period) |
|
DIF Fund Balance |
Reserve Ratio |
Estimated Insured Deposits |
1Q13 |
$35.7 |
0.60% |
$6,000 |
2Q13 |
$37.9 |
0.64% |
$5,951 |
3Q13 |
$40.8 |
0.68% |
$5,968 |
4Q13 |
$47.2 |
0.79% |
$6,011 |
1Q14 |
$48.9 |
0.80% |
$6,121 |
2Q14 |
$51.1 |
0.84% |
$6,111 |
3Q14 |
$54.3 |
0.88% |
$6,139 |
4Q14 |
$62.8 |
1.01% |
$6,204 |
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