|
Chief
Financial Officer's (CFO) Report to the Board
301 Moved Permanently
301 Moved Permanently
openresty
 |
DIF
Balance Sheet -
Third Quarter 2011
| Fund Financial Results |
($
in millions) |
Balance
Sheet |
|
Unaudited
Sep-11 |
Unaudited
Jun-11 |
Quarterly
Change |
Unaudited
Sep-10 |
Year-Over-Year
Change |
| Cash and cash equivalents |
$9,929 |
$16,631 |
($6,702) |
$22,701 |
($12,772) |
| Cash and investments - restricted - systemic risk |
7,393 |
7,363 |
30 |
6,158 |
1,235 |
| Investment in U.S. Treasury obligations, net |
25,370 |
20,820 |
4,550 |
14,727 |
10,643 |
| Trust preferred securities |
2,179 |
2,346 |
(167) |
2,315 |
(136) |
| Assessments receivable, net |
231 |
205 |
26 |
248 |
(17) |
| Receivables and other assets - systemic risk |
1,834 |
1,901 |
(67) |
3,007 |
(1,173) |
| Interest receivable on investments and other assets, net |
320 |
279 |
41 |
163 |
157 |
| Receivables from resolutions, net |
29,316 |
29,126 |
190 |
49,684 |
(20,368) |
| Property and equipment, net |
401 |
405 |
(4) |
386 |
15 |
| Total Assets |
$76,973 |
$79,076 |
($2,103) |
$99,389 |
($22,416) |
| Accounts payable and other liabilities |
369 |
382 |
(13) |
369 |
- |
| Unearned revenue - prepaid assessments |
20,360 |
23,787 |
(3,427) |
33,370 |
(13,010) |
| Liabilities due to resolutions |
31,492 |
30,912 |
580 |
42,796 |
(11,304) |
| Deferred revenue - systemic risk |
9,101 |
9,131 |
(30) |
8,729 |
372 |
| Postretirement benefit liability |
166 |
166 |
- |
145 |
21 |
| Contingent liability for anticipated failures |
7,247 |
10,349 |
(3,102) |
21,267 |
(14,020) |
| Contingent and actual liability for systemic risk |
125 |
133 |
(8) |
422 |
(297) |
| Contingent liability for litigation losses |
300 |
300 |
- |
300 |
- |
| Total Liabilities |
$69,160 |
$75,160 |
($6,000) |
$107,398 |
($38,238) |
| FYI: Unrealized gain (loss) on U.S. Treasury investments, net |
41 |
62 |
(21) |
40 |
1 |
| FYI: Unrealized gain (loss) on trust preferred securities |
218 |
385 |
(167) |
353 |
(135) |
| FYI: Unrealized postretirement benefit (loss) gain |
(19) |
(19) |
- |
(3) |
(16) |
| Fund Balance |
$7,813 |
$3,916 |
$3,897 |
($8,009) |
$15,822 |
|
| Primary Contributors to the Change in the Fund Balance ($ in million) |
Quarter
End |
Assessments |
Provision of Losses |
Change in Fund Balance |
Actual Fund Balance |
3rd
Qtr. 2010
|
$3,592 |
$3,763 |
$7,238 |
($8,009) |
4th Qtr.
2010 |
$3,498 |
($2,446) |
$657 |
($7,352) |
1st Qtr.
2011 |
$3,484 |
$3,089 |
$6,329 |
($1,023) |
2nd Qtr.
2011 |
$3,163 |
$2,095 |
$4,939 |
$3,916 |
3rd Qtr.
2011 |
$3,642 |
$763 |
$3,897 |
$7,813 |
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