Skip Header
U.S. flag

An official website of the United States government

Chief Financial Officer's (CFO) Report to the Board

DIF Balance Sheet - Third Quarter 2018
Fund Financial Results ($ in millions)
Balance Sheet
 

Sep-18

Jun-18
Quarterly
Change

Sep-17
Year-Over-Year
Change
Cash and cash equivalents $2,790 $3,535 ($745) $1,237 $1,553
Investment in U.S. Treasury securities 92,211 88,300 3,911 79,439 12,772
Assessments receivable, net 2,702 2,679 23 2,635 67
Interest receivable on investments and other assets, net" 539 558 (19) 517 22
Receivables from resolutions, net 2,897 3,711 (814) 9,317 (6,420)
Property and equipment, net 322 321 1 333 (11)
Total Assets $101,461 $99,104 $2,357 $93,478 $7,983
Accounts payable and other liabilities 204 232 (28) 198 6
Liabilities due to resolutions 654 905 (251) 2,421 (1,767)
Postretirement benefit liability 259 259 - 232 27
Contingent liability for anticipated failures 106 85 21 86 20
Contingent liability for guarantee payments and litigation losses 34 35 (1) 35 (1)
Total Liabilities $1,257 $1,516 ($259) $2,972 ($1,715)
FYI: Unrealized gain (loss) on U.S. Treasury securities, net (1,371) (1,137) (234) (17) (1,354)
FYI: Unrealized postretirement benefit (loss) gain (46) (46) - (26) (20)
Fund Balance $100,204 $97,588 $2,616 $90,506 $9,698
 
  Concentration of Credit Risk in Receivables from Resolutions as of September 30, 2018
Concentration of Credit Risk in Receivables from Resolutions as of September 2018
States Dollars Percentage
California $7.6 billion 64%
Puerto Rico $1.2 billion 10%
Florida $1.1 billion 9%
Texas $849 million 7%
35 states $1.1 billion 10%

The repayment of the receivables from resolutions is primarily influenced by recoveries on assets held by DIF receiverships and receivership payments on the covered assets under shared-loss agreements. The majority of the remaining assets in liquidation ($1.2 billion) and current shared-loss covered assets ($10.7 billion), which together total $11.9 billion, are concentrated in failed institutions located in California, Puerto Rico, Florida, and Texas.

 

 

Last Updated 12/18/2018  
doffras@fdic.gov