DIF Balance Sheet - First Quarter 2024
| Balance Sheet | |||||
|---|---|---|---|---|---|
| Mar-24 | Dec-23 | Quarterly Change | Mar-23 | Year-Over-Year Change | |
| Cash and cash equivalents | $61,042 | $4,873 | $56,169 | $18,088 | $42,954 |
| Investment in U.S. Treasury securities | 9,953 | 18,929 | (8,976) | 81,717 | (71,764) |
| Assessments receivable | 3,293 | 3,236 | 57 | 3,187 | 106 |
| Special Assessments receivable | 19,179 |
20,423 |
(1,244) |
15,776 |
3,403 |
| Interest receivable on investments and other assets, net | 109 |
146 |
(37) |
416 |
(307) |
| Receivables from resolutions, net | 55,521 |
97,778 |
(42,257) |
86,590 |
(31,069) |
| Property and equipment | 315 |
319 |
(4) |
361 |
(46) |
| Operating lease right-of-use assets | 79 |
81 |
(2) |
85 |
(6) |
| Total Assets | $149,491 |
$145,785 |
$3,706 |
$206,220 |
($56,729) |
| Accounts payable and other liabilities | 536 |
410 |
126 |
270 |
266 |
| Operating lease liabilities | 99 |
102 |
3 |
105 |
(6) |
| Liabilities due to resolutions | 22,503 |
22,513 |
(10) |
75,828 |
(55,325) |
| Postretirement benefit liability | 256 |
256 |
0 |
232 |
24 |
| Contingent liability for anticipated failures | 797 |
726 |
71 |
13,713 |
(12,916) |
| Contingent liability for litigation losses | 0 |
0 |
0 |
1 |
(1) |
| Total Liabilities | $24,191 |
$24,007 |
$184 |
$90,149 |
($65,958) |
| FYI: Unrealized gain (loss) on U.S. Treasury securities, net | (10) |
(30) |
20 |
(535) |
525 |
| FYI: Unrealized postretirement benefit (loss) gain | 10 |
10 |
0 |
27 |
(17) |
| Fund Balance | $125,300 |
$121,778 |
$3,522 |
$116,071 |
$9,229 |
During the first quarter 2024, the total estimated losses for the three large regional bank failures in 2023 decreased by $1.3 billion to $39.1 billion as of March 31, 2024.
| Mar -2024 | |
|---|---|
| Increase in Contingent liability for anticipated failures | $0.1 |
| Increase in Estimated Loss for Signature Bank | $1.0 |
| Decrease in Estimated Loss for SVB | ($2.2) |
| Decrease in Estimated Loss for First Republic Bank | ($0.1) |