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Financial Reports

DIF Balance Sheet

DIF Balance Sheet - Third Quarter 2021

Fund Financial Results ($ in millions)
Balance Sheet
Sep-21 Jun-21 Quarterly Change Sep-20 Year-Over-Year Change
Cash and cash equivalents

$3,944

$5,361

($1,417)

$6,801

($2,857)

Investment in U.S. Treasury securities

114,705

111,991

2,714

105,830

8,875

Assessments receivable

1,676

1,755

(79)

1,902

(226)

Interest receivable on investments and other assets net

998

832

166

864

134

Receivables from resolutions net

903

908

(5)

1,352

(449)

Property and equipment net

323

320

3

314

9

Operating lease right-of-use assets

93

100

(7)

115

(22)

Total Assets

$122,642

$121,267

$1,375

$117,178

$5,464

Accounts payable and other liabilities

259

235

24

234

25

Operating lease liabilities

99

107

(8)

122

(23)

Liabilities due to resolutions

1

7

(6)

5

(4)

Postretirement benefit liability

336

336

0

289

47

Contingent liability for anticipated failures

12

35

(23)

62

(50)

Contingent liability for guarantee payments and litigation losses

0

0

0

32

(32)

Total Liabilities

$707

$720

($13)

$744

($37)

FYI: Unrealized gain (loss) on U.S. Treasury securities net

387

552

(165)

1,370

(983)

FYI: Unrealized postretirement benefit (loss) gain

(98)

(98)

0

(61)

(37)

Fund Balance

$121,935

$120,547

$1,388

$116,434

$5,501


Decline in Interest on UST Securities 2Q20 - 3Q21

Decline in Interest on UST Securities 2Q20 - 3Q21
  DIF Investment Portfolio (incl. O/N, Invest., & Accr. Int.) Quarterly Interest on US Treasury Securities
2Q20 $111,474 $454
3Q20 $113,442 $392
4Q20 $114,910 $331
1Q21 $116,511 $284
2Q21 $118,155 $251
3Q21 $119,613 $221

The DIF has experienced a 7% growth in the market value of its investment portfolio from second quarter of 2020 through the third quarter of 2021. The DIF's investment portfolio balance has seen modest growth quarter over quarter, mostly attributable to assessment income. Total interest income continues to decline, as securities with higher yields purchased pre-pandemic mature. Newly purchased securities have seen some yield pickup over historic lows; however, the overnight rate continues to hover near zero.

Last Updated: December 16, 2021