Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Sep-19 |
Jun-19 |
Quarterly Change |
Sep-18 |
Year-Over-Year Change |
|
|---|---|---|---|---|---|
| Assessments | $3,667 | $2,556 | $1,111 | $8,176 | ($4,509) |
| Interest on US Treasury securities | 1,586 | 1,042 | 544 | 1,152 | 434 |
| Other revenue | 17 | 12 | 5 | 8 | 9 |
| Total Revenue | $5,270 | $3,610 | $1,660 | $9,336 | ($4,066) |
| Operating expenses | 1,336 | 893 | 443 | 1,312 | 24 |
| Provision for insurance losses | (1,198) | (1,006) | (192) | (327) | (871) |
| Insurance and other expenses | 2 | 1 | 1 | 2 | 0 |
| Total Expenses and Losses | $140 | ($112) | $252 | $987 | ($847) |
| Net Income | 5,130 | 3,722 | 1,408 | 8,349 | (3,219) |
| Unrealized gain (loss) on US Treasury securities, net | 1,201 | 1,115 | 86 | (892) | 2,093 |
| Unrealized postretirement benefit gain (loss) | 0 | 0 | 0 | 0 | 0 |
| Comprehensive Income | $6,331 | $4,837 | $1,494 | $7,457 | ($1,126) |