Chief Financial Officer's (CFO) Report to the Board
| Fund Financial Results | ($ in millions) |
| Income Statement (year-to-date) | |||||
Dec-18 |
Sep-18 |
Quarterly Change |
Dec-17 |
Year-Over-Year Change |
|
|---|---|---|---|---|---|
| Assessments | $9,527 | $8,176 | $1,351 | $10,595 | ($1,068) |
| Interest on U.S. Treasury securities | 1,633 | 1,152 | 481 | 1,057 | 576 |
| Other revenue | 11 | 8 | 3 | 12 | (1) |
| Total Revenue | $11,171 | $9,336 | $1,835 | $11,664 | ($493) |
| Operating expenses | 1,765 | 1,312 | 453 | 1,740 | 25 |
| Provision for insurance losses | (563) | (327) | (236) | (183) | (380) |
| Insurance and other expenses | 3 | 2 | 1 | 2 | 1 |
| Total Expenses and Losses | $1,205 | $987 | $218 | $1,559 | ($354) |
| Net Income | 9,966 | 8,349 | 1,617 | 10,105 | (139) |
| Unrealized gain (loss) on U.S. Treasury securities, net | (136) | (892) | 756 | (500) | 364 |
| Unrealized postretirement benefit gain (loss) | 32 | - | 32 | (20) | 52 |
| Comprehensive Income | $9,862 | $7,457 | $2,405 | $9,585 | $277 |