|
|
DIF
Income Statement - Fourth Quarter 2013
| Fund Financial Results |
($
in millions) |
| Income
Statement (year-to-date) |
| |
Audited Dec-13 |
Unaudited Sep-13 |
Quarterly Change |
Audited
Dec-12 |
Year-Over-Year Change |
Assessments earned |
$9,734 |
$7,510 |
$2,224 |
$12,397 |
$(2,663) |
| Systemic risk revenue |
- |
- |
- |
(161) |
161 |
| Interest on U.S. Treasury obligations |
104 |
79 |
25 |
159 |
(55) |
| Realized gain on sale of TruPS |
458 |
458 |
- |
- |
458 |
| Other revenue |
163 |
156 |
7 |
6,127 |
(5,964) |
| Total Revenue |
$10,459 |
$7,901 |
$2,558 |
$18,522 |
$(8,063) |
| Operating expenses |
1,609 |
1,173 |
436 |
1,778 |
(169) |
| Systemic risk expenses |
- |
- |
- |
(161) |
161 |
| Provision for insurance losses |
(5,659) |
(1,071) |
(4,588) |
(4,223) |
(1,436) |
| Insurance and other expenses |
4 |
4 |
- |
7 |
(3) |
| Total Expenses and Losses |
$(4,046) |
$106 |
$(4,152) |
$(2,599) |
$(1,447) |
| Net Income |
14,505 |
7,795 |
6,710 |
21,121 |
(6,616) |
| Unrealized gain (loss) on U.S. Treasury investments, net |
(14) |
5 |
(19) |
(14) |
- |
| Unrealized gain (loss) on trust preferred securities |
(302) |
(302) |
- |
51 |
(353) |
| Unrealized postretirement benefit gain (loss) |
44 |
- |
44 |
(27) |
71 |
| Comprehensive Income |
$14,233 |
$7,800 |
$6,433 |
$21,131 |
$(6,898) |
|
