Chief Financial Officer's (CFO) Report to the Board
DIF Income Statement - Second Quarter 2017
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Jun-17 |
Mar-17 |
Quarterly Change | Jun-16 |
Year-Over-Year Change |
|
| Assessments | $5,371 | $2,737 | $2,634 | $4,656 | $715 |
| Interest on U.S. Treasury securities | 478 | 227 | 251 | 311 | 167 |
| Other revenue | 6 | 2 | 4 | 9 | (3) |
| Total Revenue | $5,855 | $2,966 | $2,889 | $4,976 | $879 |
| Operating expenses | 892 | 442 | 450 | 856 | 36 |
| Provision for insurance losses | 532 | 765 | (233) | (670) | 1,202 |
| Insurance and other expenses | 0 | 0 | 0 | 2 | (2) |
| Total Expenses and Losses | $1,424 | $1,207 | $217 | $188 | $1,236 |
| Net Income | 4,431 | 1,759 | 2,672 | 4,788 | (357) |
| Unrealized gain (loss) on U.S. Treasury securities, net | (5) | 7 | (12) | 522 | (527) |
| Unrealized postretirement benefit gain (loss) | 0 | 0 | 0 | 0 | 0 |
| Comprehensive Income | $4,426 | $1,766 | $2,660 | $5,310 | ($884) |