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

DIF Balance Sheet - Fourth Quarter 2016

 

Fund Financial Results ($ in millions)
Balance Sheet
 

Dec-16

Sep-16
Quarterly
Change

Dec-15
Year-Over-Year
Change
Cash and cash equivalents $1,333 $4,273 ($2,940) $877 $456
Investment in U.S. Treasury securities 73,512 68,124 5,388 62,497 11,015
Assessments receivable, net 2,666 2,686 (20) 2,172 494
Interest receivable on investments and other assets, net 526 565 (39) 418 108
Receivables from resolutions, net 7,790 9,044 (1,254) 11,578 (3,788)
Property and equipment, net 358 360 (2) 378 (20)
Total Assets $86,185 $85,052 $1,133 $77,920 $8,265
Accounts payable and other liabilities 238 218 20 273 (35)
Liabilities due to resolutions 2,073 3,538 (1,465) 4,419 (2,346)
Postretirement benefit liability 232 233 (1) 233 (1)
Contingent liability for anticipated failures 477 359 118 395 82
Contingent liability for litigation losses 3 - 3 - 3
Total Liabilities $3,023 $4,348 ($1,325) $5,320 ($2,297)
FYI: Unrealized gain (loss) on U.S. Treasury securities, net 21 346 (325) (9) 30
FYI: Unrealized postretirement benefit (loss) gain (26) (34) 8 (34) 8
Fund Balance $83,162 $80,704 $2,458 $72,600 $10,562
 
 
2016 FDIC Actual Assessment Collections and Estimated Assessment Revenue (dollars in billions)
2016 FDIC Actual Assessment Collections and Estimated Assessment Revenue
Quarter Actual Regular Assessment Collections Actual Surcharge Assessment Estimated Surcharge Assessment
First Quarter $2.3 $0$0
Second Quarter $2.2 $0 $0
Third Quarter $1.5 $1.2 $0
Fourth Quarter $1.5 $0 $1.2

 

The third quarter decline in actual assessment collections is due to a decline in the effective assessent rate, from 6.2 bps to 4.1 bps due to the lower assessment rate schedule now that the Deposit Insurance Fund has reached 1.15 percent.

Last Updated 03/21/2017  
DOFBusinessCenter@fdic.gov