DIF Balance Sheet - Second Quarter 2019
|
|
| Quarterly |
| Year-Over-Year |
|---|---|---|---|---|---|
| Balance Sheet | |||||
| Cash and cash equivalents | $8,795 | $7,062 | $1,733 | $3,535 | $5,260 |
| Investment in US Treasury securities | 94,524 | 93,507 | 1,017 | 88,300 | 6,224 |
| Assessments receivable | 1,060 | 1,372 | (312) | 2,679 | (1,619) |
| Interest receivable on investments and other assets, net | 694 | 567 | 127 | 558 | 136 |
| Receivables from resolutions, net | 3,204 | 3,187 | 17 | 3,711 | (507) |
| Property and equipment, net | 320 | 324 | (4) | 321 | (1) |
| Total Assets | $108,597 | $106,019 | $2,578 | $99,104 | $9,493 |
| Accounts payable and other liabilities | 241 | 211 | 30 | 232 | 9 |
| Liabilities due to resolutions | 530 | 554 | (24) | 905 | (375) |
| Postretirement benefit liability | 236 | 236 | 0 | 259 | (23) |
| Contingent liability for anticipated failures | 111 | 115 | (4) | 85 | 26 |
| Contingent liability for guarantee payments and litigation losses | 33 | 33 | 0 | 35 | (2) |
| Total Liabilities | $1,151 | $1,149 | $2 | $1,516 | ($365) |
| FYI: Unrealized gain (loss) on US Treasury securities, net | 500 | (194) | 694 | (1,137) | 1,637 |
| FYI: Unrealized postretirement benefit (loss) gain | (14) | (14) | (0) | (46) | 32 |
| Fund Balance | $107,446 | $104,870 | $2,576 | $97,588 | $9,858 |
| Dollars | |
|---|---|
| 1st | 313.2 |
| 2nd | 237.8 |
| 3rd | 145.1 |
| 4th | 59.3 |
| Remaining | 9.0 |
Pursuant to FDIC rulemaking in response to the Dodd-Frank Act increase of the minimum reserve ratio to 1.35 percent, small banks will receive credits for the portion of their assessments that contributed to growth in the reserve ratio from 1.15 percent to 1.35 percent. Per a proposed rule issued on August 20, 2019, in each quarter that the reserve ratio is at or above 1.35 percent (rather than 1.38 percent, as required under current regulation), the FDIC will automatically apply a small bank’s credits to reduce its regular assessment up to the entire amount of the assessment, until the credits are exhausted. The total amount of available credits is $764 million. The chart presents the estimated credit usage by quarter; 72% of the credits are expected to be used in just two quarters of offset.