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2009 Annual Report
IV. Financial Statements and Notes
Deposit Insurance Fund (DIF) - Cont.
14. Commitments and
Off-Balance-Sheet Exposure
Commitments:
Leased Space
The FDIC's lease commitments total $158 million for future years. The lease agreements contain escalation clauses resulting in adjustments, usually on an annual basis. The DIF recognized leased space expense of $29 million and $21 million for the years ended December 31, 2009 and 2008, respectively.
Leased Space Commitments
Dollars in Thousands |
| 2010 |
2011 |
2012 |
2013 |
2014 |
2015/Thereafter |
| $ 37,630 |
$ 37,553 |
$ 30,982 |
$ 21,182 |
$ 17,995 |
$ 13,041 |
Off-Balance-Sheet Exposure:
Deposit Insurance
As of December 31, 2009, the estimated insured deposits for DIF were $5.4 trillion. This estimate is derived primarily from quarterly financial data submitted by insured depository institutions to the FDIC. This estimate represents the accounting loss that would be realized if all insured depository institutions were to fail and the acquired assets provided no recoveries.
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