DIF Balance Sheet - First Quarter 2023
| Balance Sheet | |||||
|---|---|---|---|---|---|
| Mar-23 | Dec-22 | Quarterly Change | Mar-22 | Year-Over-Year Change | |
| Cash and cash equivalents | $18,088 | $2,599 | ($15,489) | $5,802 | $12,286 |
| Investment in U.S. Treasury securities | 81,717 | 122,442 | (40,725) | 114,230 | (32,513) |
| Assessments receivable | 3,187 | 2,159 | 1,028 | 1,818 | 1,369 |
| Special Assessments receivable | 15,776 |
0 |
15,776 |
0 |
15,776 |
| Interest receivable on investments and other assets, net | 416 |
688 |
(272) |
776 |
(360) |
| Receivables from resolutions, net | 86,590 |
521 |
86,069 |
815 |
85,775 |
| Property and equipment | 361 |
360 |
1 |
326 |
35 |
| Operating lease right-of-use assets | 85 |
93 |
(8) |
80 |
5 |
| Total Assets | $206,220 |
$128,862 |
$77,358 |
$123,847 |
$82,373 |
| Accounts payable and other liabilities | 270 |
268 |
2 |
245 |
25 |
| Operating lease liabilities | 105 |
111 |
(6) |
85 |
20 |
| Liabilities due to resolutions | 75,828 |
1 |
75.827 |
1 |
75,827 |
| Postretirement benefit liability | 232 |
232 |
0 |
332 |
(100) |
| Contingent liability for anticipated failures | 13,713 |
31 |
13,682 |
145 |
13,568 |
| Contingent liability for litigation losses | 1 |
1 |
0 |
0 |
1 |
| Total Liabilities | $90,149 |
$664 |
$89,505 |
$808 |
$89,341 |
| FYI: Unrealized gain (loss) on U.S. Treasury securities, net | (535) |
(2,985) |
2,450 |
(1,835) |
1,300 |
| FYI: Unrealized postretirement benefit (loss) gain | 27 |
27 |
0 |
(83) |
110 |
| Fund Balance | $116,071 |
$128,218 |
($12,147) |
$123,039 |
($6,968) |
| March 31, 2023 | |
|---|---|
| Initial estimated loss for signature | $0.8 |
| Initial estimated loss for SVB | $1.9 |
| Initial estiamted loss for Signature | $13.7 |
The total initial estimated loss for SVB and Signature Bank failures are $14.3 billion and $2.4 billion, respectively, however, only 14% and 33% of the total loss covering insured deposits impacted the DIF balance. The remaining share for uninsured deposits will be recovered from the banking industry through a special assessment ($14.2 billion and $1.6 billion, respectively).