|
|
DIF
Balance Sheet -
First Quarter 2011
| Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Unaudited
Mar-11
|
Audited
Dec-10
|
Quarterly
Change
|
Unaudited
Mar-10
|
Year-Over-Year
Change
|
| Cash and cash equivalents |
$23,496 |
$27,077 |
($3,581) |
$41,094 |
($17,598) |
| Cash and investments - restricted - systemic risk |
6,996 |
6,647 |
349 |
6,077 |
919 |
| Investment in U.S. Treasury obligations, net |
14,894 |
12,371 |
2,523 |
15,792 |
(898) |
| Trust preferred securities |
2,345 |
2,298 |
47 |
2,140 |
205 |
| Assessments receivable, net |
206 |
218 |
(12) |
268 |
(62) |
| Receivables and other assets - systemic risk |
2,243 |
2,269 |
(26) |
3,165 |
(922) |
| Interest receivable on investments and other assets, net |
264 |
260 |
4 |
134 |
130 |
| Receivables from resolutions, net |
29,748 |
29,533 |
215 |
39,091 |
(9,343) |
| Property and equipment, net |
407 |
416 |
(9) |
386 |
21 |
| Total Assets |
$80,599 |
$81,089 |
($490) |
$108,147 |
($27,548) |
| Accounts payable and other liabilities |
480 |
514 |
(34) |
351 |
129 |
| Unearned revenue - prepaid assessments |
26,766 |
30,057 |
(3,291) |
39,718 |
(12,952) |
| Liabilities due to resolutions |
30,883 |
30,512 |
371 |
38,362 |
(7,479) |
| Deferred revenue - systemic risk |
9,088 |
9,055 |
33 |
7,999 |
1,089 |
| Postretirement benefit liability |
166 |
166 |
- |
145 |
21 |
| Contingent liability for anticipated failures |
13,788 |
17,688 |
(3,900) |
40,720 |
(26,932) |
| Contingent liabillty for systemic risk |
151 |
149 |
2 |
1,269 |
(1,118) |
| Contingent liability for litigation losses |
300 |
300 |
- |
300 |
- |
| Total Liabilities |
$81,622 |
$88,441 |
($6,819) |
$128,864 |
($47,242) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
37 |
27 |
10 |
113 |
(76) |
| FYI: Unrealized gain (loss) on trust preferred securities |
383 |
336 |
47 |
(178) |
561 |
| FYI: Unrealized postretirement benefit gain (loss) |
(19) |
(19) |
- |
(3) |
(16) |
| Fund Balance |
($1,023) |
($7,352) |
$6,329 |
($20,717) |
$19,694 |
•Cash collections in 2010 and 2011 are from institutions that did not prepay assessments at year-end 2009.
•Third quarter 2009 assessment collections include a $5.5 billion special assessment.
•DIF collected $45.7 billion in prepaid assessments on 12/30/09, which was recorded as a liability and is recognized as quarterly revenue as it is earned.
| Quarterly Assessments Premiums (based on insurance coverage period) ($ in millions) |
Quarter
End |
Cash Collections |
Prepaid Assessments |
4th Qtr. 2008 |
1,087 |
0 |
1st
Qtr. 2009
|
2,593 |
0 |
2nd
Qtr. 2009
|
3,196 |
0 |
3rd
Qtr. 2009
|
8,622 |
0 |
4th
Qtr. 2009
|
280 |
2,982 |
1st
Qtr. 2009
|
265 |
3,037
|
2nd
Qtr. 2009
|
244 |
3,217 |
3rd Qtr.
2010 |
216 |
3,181 |
4th Qtr.
2010 |
206 |
3,226 |
1st Qtr.
2011 |
206 |
3,267 |
|
|
