|
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 2012
| Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Audited Dec-12 |
Sep-12 |
Quarterly
Change |
Audited Dec -11 |
Year-Over-Year
Change |
| Cash and cash equivalents |
$3,100 |
$1,587 |
$1,513 |
$3,278 |
($178) |
| Cash and investments - restricted - systemic risk |
- |
1,115 |
(1,115) |
4,828 |
(4,828) |
| Investment in U.S. Treasury obligations, net |
34,869 |
35,460 |
(591) |
33,863 |
1,006 |
| Trust preferred securities |
2,264 |
2,255 |
9 |
2,213 |
51 |
| Assessments receivable, net |
1,007 |
660 |
347 |
282 |
725 |
| Receivables and other assets - systemic risk |
- |
1,568 |
(1,568) |
1,948 |
(1,948) |
| Interest receivable on investments and other assets, net |
433 |
462 |
(29) |
488 |
(55) |
| Receivables from resolutions, net |
23,120 |
18,948 |
4,172 |
28,549 |
(5,429) |
| Property and equipment, net |
393 |
379 |
14 |
402 |
(9) |
| Total Assets |
$65,186 |
$62,434 |
$2,752 |
$75,851 |
$(10,665) |
| Accounts payable and other liabilities |
350 |
346 |
4 |
374 |
(24) |
| Unearned revenue - prepaid assessments |
1,576 |
9,219 |
(7,643) |
17,400 |
(15,824) |
| Refunds of prepaid assessments |
5,675 |
- |
5,675 |
- |
5,675 |
| Liabilities due to resolutions |
21,174 |
21,215 |
(41) |
32,791 |
(11,617) |
| Debt Guarantee Program liabilities - systemic risk |
- |
- |
- |
117 |
(117) |
| Deferred revenue - systemic risk |
- |
2,682 |
(2,682) |
6,640 |
(6,640) |
| Postretirement benefit liability |
224 |
188 |
36 |
188 |
36 |
| Contingent liability for anticipated failures |
3,221 |
3,556 |
(335) |
6,511 |
(3,290) |
| Contingent liability for systemic risk |
- |
- |
- |
2 |
(2) |
| Contingent liability for litigation losses |
8 |
4 |
4 |
1 |
7 |
| Total Liabilities |
$32,228 |
$37,210 |
$(4,982) |
$64,024 |
$(31,796) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
34 |
65 |
(31) |
48 |
(14) |
| FYI: Unrealized gain (loss) on trust preferred securities |
302 |
293 |
9 |
251 |
51 |
| FYI: Unrealized postretirement benefit (loss) gain |
(61) |
(34) |
(27) |
(34) |
(27) |
| Fund Balance |
$32,958 |
$25,224 |
$7,734 |
$11,827 |
$21,131 |
|
|
|
| Temporary Liquidity Guarantee Program Summary - December 31, 2012 ($ in millions) |
| Temporary Liquidity Guarantee Program Summary - December 31, 2012 ($ in millions) |
| Collections |
$ in millions |
DGP Program Fees* |
$9,491 |
| TAG Program Fees |
$1,156 |
| Interest Earned on TLGP funds |
$42 |
| Total Fees* & Interest Earned |
$10,689 |
| *Excludes surcharge fees of $872 million deposited in the DIF |
|
| |
|
Estimated Losses |
|
| TAG Program Est. Losses |
$2,060 |
| DGP Losses |
$153 |
| Total TLGP Estimated Losses |
$2,213 |
|
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