301 Moved Permanently
301 Moved Permanently
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DIF
Balance Sheet -
First Quarter 2014
| Fund Financial Results |
($
in millions) |
| Balance
Sheet |
| |
Unaudited Mar-14 |
Audited Dec-13 |
Quarterly
Change |
Unaudited Mar -13 |
Year-Over-Year
Change |
| Cash and cash equivalents |
$511 |
$3,543 |
($3,032) |
$1,052 |
($541) |
| Investment in U.S. Treasury obligations, net |
44,215 |
38,511 |
5,704 |
37,474 |
6,741 |
| Trust preferred securities |
- |
- |
- |
2,256 |
(2,256) |
| Assessments receivable, net |
2,266 |
2,228 |
38 |
1,295 |
971 |
| Interest receivable on investments and other assets, net |
424 |
511 |
(87) |
470 |
(46) |
| Receivables from resolutions, net |
15,580 |
16,345 |
(765) |
22,549 |
(6,969) |
| Property and equipment, net |
368 |
377 |
(9) |
381 |
(13) |
| Total Assets |
$63,364 |
$61,515 |
$1,849 |
$65,477 |
($2,113) |
| Accounts payable and other liabilities |
257 |
300 |
(43) |
319 |
(62) |
| Refunds of prepaid assessments |
- |
- |
- |
5,829 |
(5,829) |
| Liabilities due to resolutions |
12,438 |
12,626 |
(188) |
20,696 |
(8,258) |
| Postretirement benefit liability |
194 |
194 |
- |
224 |
(30) |
| Contingent liability for anticipated failures |
1,577 |
1,199 |
378 |
2,659 |
(1,082) |
| Contingent liability for litigation losses |
5 |
5 |
- |
8 |
(3) |
| Total Liabilities |
$14,471 |
$14,324 |
$147 |
$29,735 |
($15,264) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
45 |
20 |
25 |
72 |
(27) |
| FYI: Unrealized gain (loss) on trust preferred securities |
- |
- |
- |
294 |
(294) |
| FYI: Unrealized postretirement benefit (loss) gain |
(16) |
(16) |
- |
(61) |
45 |
| Fund Balance |
$48,893 |
$47,191 |
$1,702 |
$35,742 |
$13,151 |
|
|
|
*On June 28, 2103, DIF refunded $5.9 billion in prepaid assessments to insured depository institutions that had remaining prepaid assessment balances.
Deposit Insurance Fund Liquid Assets (as of March 31, 2014) |
| Quarter |
Liquid Assets |
| 12/31/2012 |
$38.2 |
| 3/31/2013 |
$38.8 |
| 6/30/2013 |
$34.2* |
| 9/30/2013 |
$38.4 |
| 12/31/2013 |
$42.5 |
| 3/31/2014 |
$45.0 |
|
