Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Jun-19 |
Mar-19 |
Quarterly Change |
Jun-18 |
Year-Over-Year Change |
|
|---|---|---|---|---|---|
| Assessments | $2,556 | $1,369 | $1,187 | $5,448 | ($2,892) |
| Interest on US Treasury securities | 1,042 | 507 | 535 | 719 | 323 |
| Other revenue | 12 | 2 | 10 | 5 | 7 |
| Total Revenue | $3,610 | $1,878 | $1,732 | $6,172 | ($2,562) |
| Operating expenses | 893 | 434 | 459 | 878 | 15 |
| Provision for insurance losses | (1,006) | (396) | (610) | (206) | (800) |
| Insurance and other expenses | 1 | 0 | 1 | 1 | 0 |
| Total Expenses and Losses | ($112) | $38 | ($150) | $673 | ($785) |
| Net Income | 3,722 | 1,840 | 1,882 | 5,499 | (1,777) |
| Unrealized gain (loss) on US Treasury securities, net | 1,115 | 421 | 694 | (658) | 1,773 |
| Unrealized postretirement benefit gain (loss) | 0 | 0 | 0 | 0 | 0 |
| Comprehensive Income | $4,837 | $2,261 | $2,576 | $4,841 | ($4) |