Chief Financial Officer's (CFO) Report to the Board
DIF Income Statement - Fourth Quarter 2016
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Dec-16 |
Sep-16 |
Quarterly Change |
Dec-15 |
Year-Over-Year Change |
|
| Assessments | $9,987 | $7,299 | $2,688 | $8,847 | $1,140 |
| Interest on U.S. Treasury securities | 671 | 482 | 189 | 422 | 249 |
| Other revenue | 16 | 13 | 3 | 34 | (18) |
| Total Revenue | $10,674 | $7,794 | $2,880 | $9,303 | $1,371 |
| Operating expenses | 1,715 | 1,278 | 437 | 1,687 | 28 |
| Provision for insurance losses | (1,568) | (1,236) | (332) | (2,251) | 683 |
| Insurance and other expenses | 3 | 3 | - | 11 | (8) |
| Total Expenses and Losses | $150 | $45 | $105 | $(553) | $703 |
| Net Income | 10,524 | 7,749 | 2,775 | 9,856 | 668 |
| Unrealized gain (loss) on U.S. Treasury securities, net | 30 | 355 | (325) | (60) | 90 |
| Unrealized postretirement benefit gain (loss) | 8 | - | 8 | 24 | (16) |
| Comprehensive Income | $10,562 | $8,104 | $2,458 | $9,820 | $742 |