DIF Balance Sheet - Fourth Quarter 2021
| Balance Sheet | |||||
|---|---|---|---|---|---|
| Dec-21 | Sep-21 | Quarterly Change | Dec-20 | Year-Over-Year Change | |
| Cash and cash equivalents | $5,563 | $3,944 | $1,619 | $3,311 | $2,252 |
| Investment in U.S. Treasury securities | 114,551 | 114,705 | (154) | 110,464 | 4,087 |
| Assessments receivable | 1,711 | 1,676 | 35 | 1,949 | (238) |
| Interest receivable on investments and other assets, net | 718 |
998 |
(280) |
1,159 |
(441) |
| Receivables from resolutions, net | 885 |
903 |
(18) |
1,367 |
(482) |
| Property and equipment | 327 |
323 |
4 |
321 |
6 |
| Operating lease right-of-use assets | 85 |
93 |
(8) |
112 |
(27) |
| Total Assets | $123,840 |
$122,642 |
$1,198 |
$118,683 |
$5,157 |
| Accounts payable and other liabilities | 255 |
259 |
(4) |
251 |
4 |
| Operating lease liabilities | 91 |
99 |
(8) |
119 |
(28) |
| Liabilities due to resolutions | 0 |
1 |
(1) |
1 |
(1) |
| Postretirement benefit liability | 332 |
336 |
(4) |
336 |
(4) |
| Contingent liability for anticipated failures | 21 |
12 |
9 |
79 |
(58) |
| Contingent liability for litigation losses | 0 |
0 |
0 |
0 |
0 |
| Total Liabilities | $699 |
$707 |
($8) |
$786 |
($87) |
| FYI: Unrealized gain (loss) on U.S. Treasury securities, net | (149) |
387 |
(536) |
1,070 |
(1,219) |
| FYI: Unrealized postretirement benefit (loss) gain | (83) |
(98) |
15 |
(98) |
15 |
| Fund Balance | $123,141 |
$121,935 |
$1,206 |
$117,897 |
$5,244 |
| Assessments | Earnings on U.S. Treasury Securities | Operating Expenses | Negative Provision for Insurance Losses | Comprehensive Income | |
|---|---|---|---|---|---|
| 2017 | $10.6 | $0.6 | ($1.7) | $0.2 | $9.6 |
| 2018 | $9.5 | $1.5 | ($1.8) | $0.6 | $9.9 |
| 2019 | $4.9 | $3.3 | ($1.8) | $1.3 | $7.7 |
| 2020 | $7.1 | $2.2 | ($1.8) | $0.2 | $7.5 |
| 2021 | $7.1 | ($0.3) | ($1.8) | $0.1 | $5.2 |
The DIF’s comprehensive income totaled $5.2 billion for 2021 compared to comprehensive income of $7.5 billion during 2020. The year-over-year decrease in comprehensive income of $2.3 billion was primarily driven by a decrease in interest and market value adjustments on U.S.Treasury securities of $2.4 billion.