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Chief Financial Officer's (CFO) Report to the Board

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Chief Financial Officer's (CFO) Report to the Board Home
Executive Summary

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  FRF Statements of Cash Flows
II. Investments Results & Prospective Strategies

   •  Corporate Investment Portfolio Summary
   •  Approved Investment Strategy
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

DIF Income Statement - First Quarter 2007

Fund Financial Results ($ in millions)
Income Statement DIF
  (unaudited) (audited)   (unaudited)
  03/31/07 12/31/06 03/31/06 Year-Over-Year Change
Assessments earned $        94 $         32 $         5          89
Interest earned on investment securities 567 2,241 478 89
Exit fees earned 0 345 346 (346)
Other revenue 4 26 5 (1)
Total Revenue $    665 $    2,644 $      834        (169)
Operating expenses (includes depreciation expense) 239 951 224 15
Provision for insurance losses (73) (52) (45) (28)
Other expenses 0 6 2 (2)
Total Expenses & Losses $      166 $      905 $      181          (15)
Net Income $      499 $    1,739 $      653        (154)
Unrealized gain/(loss) on available-for-sale securities 81 (173) (57) 138
Unrealized postretirement benefit gain/(loss)
0 2 0 0
YTD Comprehensive Income $      580 $    1,568 $      596        (16)

Active DIF Receiverships

Active DIF Receiverships
Year Superior So Pacific NextBank Hamilton Keystone Others
12/2004 344 124 78 17 94 65
12/2005 232 124 90 25 35 27
12/2006 268 132 60 40 12 27
3/2007 213 110 60 7 1 40


DIF Coverage Ratio

DIF Coverage Ratio (Interest Revenue/Operating Expenses)
Year Interest on Obligations Operating Expense Coverage Ratio
2002 $2,256 $945 2.39
2003 $2,062 $934 2.21
2004 $2,108 $942 2.24
2005 $2,341 $965 2.42
2006 $2,241 $951 2.36
March 2007 $567 $239 2.37

Last Updated 05/10/2007
  dofbusinesscenter@fdic.gov