FDIC: Executive Management Report

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Executive Management Report

Bank Insurance Fund
Statements of Income and Fund Balance
September 2003

Dollars in Millions	(Unaudited) Year-to-Date:		(Unaudited) Quarter Ending September
	2003	2002	2003	2002
Revenue	empty cell	empty cell	empty cell	empty cell
Interest on U.S. Treasury obligations	$1,153	$1,272	$352	$404
Assessments	60	62	22	26
Other revenue	12	13	3	3
Total Revenue	1,225	1,347	377	433
empty cell	empty cell	empty cell	empty cell	empty cell
Expenses and Losses	empty cell	empty cell	empty cell	empty cell
Operating expenses	586	618	212	220
Insurance Losses/Expenses:	empty cell	empty cell	empty cell	empty cell
Provision for insurance losses	(682)	410	(543)	447
Interest and other insurance expenses	5	13	1	3
Total Expenses and Losses	(91)	1,041	(330)	670
Empty Row	empty cell	empty cell	empty cell	empty cell
Net Income	1,316	306	707	(237)
Unrealized gain/(loss) on available-for-sale securities, net (current period)	96	638	(45)	433
Empty Row	empty cell	empty cell	empty cell	empty cell
Comprehensive Income	1,412	944	662	196
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Beginning	32,050	30,439	32,800	31,187
Empty Row	empty cell	empty cell	empty cell	empty cell
Fund Balance - Ending	$33,462	$31,383	$33,462	$31,383

BIF Coverage Ratio (Interest Revenue/Operating Expenses)

Year

Receivership

98

2.40

99

2.37

00

2.36

01

2.33

02

2.06

09/03

1.97

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