301 Moved Permanently
301 Moved Permanently
openresty
 |
DIF
Balance Sheet -
Third Quarter 2014
| Fund Financial Results |
($
in millions) |
| Balance
Sheet |
| |
Unaudited Sep-14 |
Unaudited Jun-14 |
Quarterly
Change |
Unaudited Sep -13 |
Year-Over-Year
Change |
| Cash and cash equivalents |
$2,115 |
$2,409 |
$(294) |
$5,330 |
$(3,215) |
| Investment in U.S. Treasury obligations, net |
47,783 |
45,416 |
2,367 |
32,729 |
15,054 |
| Assessments receivable, net |
2,072 |
2,204 |
(132) |
2,391 |
(319) |
| Interest receivable on investments and other assets, net |
382 |
577 |
(195) |
409 |
(27) |
| Receivables from resolutions, net |
15,227 |
14,211 |
1,016 |
16,938 |
(1,711) |
| Property and equipment, net |
357 |
359 |
(2) |
373 |
(16) |
| Total Assets |
$67,936 |
$65,176 |
$2,760 |
$58,170 |
$9,766 |
| Accounts payable and other liabilities |
255 |
256 |
(1) |
265 |
(10) |
| Liabilities due to resolutions |
11,260 |
12,169 |
(909) |
15,754 |
(4,494) |
| Postretirement benefit liability |
194 |
194 |
- |
224 |
(30) |
| Contingent liability for anticipated failures |
1,902 |
1,493 |
409 |
1,164 |
738 |
| Contingent liability for litigation losses |
5 |
5 |
- |
5 |
- |
| Total Liabilities |
$13,616 |
$14,117 |
$(501) |
$17,412 |
$(3,796) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
27 |
118 |
(91) |
39 |
(12) |
| FYI: Unrealized gain (loss) on trust preferred securities |
- |
- |
- |
- |
- |
| FYI: Unrealized postretirement benefit (loss) gain |
(16) |
(16) |
- |
(61) |
45 |
| Fund Balance |
$54,320 |
$51,059 |
$3,261 |
$40,758 |
$13,562 |
|
|
|
Quarterly Assessment Premiums (based on insurance coverage period) |
| |
Gross Revenue |
Effective Assessment Rate in Basis Points |
2Q12 |
$2,968 |
9.76 |
3Q12 |
$2,956 |
9.63 |
4Q12 |
$2,879 |
9.26 |
1Q13 |
$2,703 |
8.70 |
2Q13 |
$2,549 |
8.17 |
3Q13 |
$2,384 |
7.61 |
4Q13 |
$2,384 |
7.49 |
1Q14 |
$2,292 |
7.17 |
2Q14 |
$2,159 |
6.70 |
3Q14 |
$2,073 |
6.37 |
Assessment Revenue has been decreasing due to lower effective assessment rates, which reflect the improving health of the banking industry. |
