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Each depositor insured to at least $250,000 per insured bank



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Chief Financial Officer's (CFO) Report to the Board

301 Moved Permanently

301 Moved Permanently


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DIF Balance Sheet - Third Quarter 2013

Fund Financial Results ($ in millions)
Balance Sheet
 
Unaudited Sep-13
Unaudited Jun-13
Quarterly Change
Unaudited Sep-12
Year-Over-Year Change
Cash and cash equivalents $5,330 $531 $4,799 $1,587 $3,743
Cash and investments - restricted - systemic risk - - - 1,115 (1,115)
Investment in U.S. Treasury obligations, net 32,729 33,286 (557) 35,460 (2,731)
Trust preferred securities - 2,240 (2,240) 2,255 (2,255)
Assessments receivable, net 2,391 2,594 (203) 660 1,731
Receivables and other assets - systemic risk - - - 1,568 (1,568)
Interest receivable on investments and other assets, net 409 533 (124) 462 (53)
Receivables from resolutions, net 16,938 18,442 (1,504) 18,948 (2,010)
Property and equipment, net 373 376 (3) 379 (6)
Total Assets $58,170 $58,002 $168 $62,434 $(4,264)
Accounts payable and other liabilities 265 296 (31) 346 (81)
Unearned revenue - prepaid assessments - - - 9,219 (9,219)
Refunds of prepaid assessments - - - - -
Liabilities due to resolutions 15,754 17,179 (1,425) 21,215 (5,461)
Deferred revenue - systemic risk - - - 2,682 (2,682)
Postretirement benefit liability 224 224 - 188 36
Contingent liability for anticipated failures 1,164 2,426 (1,262) 3,556 (2,392)
Contingent liability for litigation losses 5 6 (1) 4 1
Total Liabilities $17,412 $20,131 $(2,719) $37,210 $(19,798)
FYI: Unrealized gain (loss) on U.S. Treasury investments, net 39 (8) 47 65 (26)
FYI: Unrealized gain (loss) on trust preferred securities - 278 (278) 293 (293)
FYI: Unrealized postretirement benefit (loss) gain (61) (61) - (34) (27)
Fund Balance $40,758 $37,871 $2,887 $25,224 $15,534

Quarterly Assessments Premiums (based on insurance coverage period)

 
 
Quarterly Assessments Premiums (based on insurance coverage period)
$ in Millions
Gross Revenue
Effective Assessment Rate
2Q11 3,411 11.42%
3Q11 3,302 11.02%

4Q11

3,386 11.18%

1Q12

3,142 10.38%
2Q12 2,968 9.76%
3Q12 2,956 9.63%
4Q12 2,879 9.26%
1Q13 2,703 8.70%
2Q13 2,549 8.17%
3Q13 2,392 7.59%

The decline in both the gross revenue and the effective assessment rate was primarily attributed to the overall improving health of the banking industry.

 


Last Updated 12/06/2013 dofbusinesscenter@fdic.gov

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