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Financial Reports

DIF Balance Sheet

DIF Balance Sheet - Fourth Quarter 2020

Fund Financial Results ($ in millions)

 

Dec-20

Sep-19

Quarterly Change

Dec-19

Year-Over-Year Change

Balance Sheet
Cash and cash equivalents

$3,311

$6,801

($3,490)

$5,991

($2,680)

Investment in US Treasury securities

110,464

105,830

4,634

100,072

10,392

Assessments receivable

1,949

1,902

47

1,242

707

Interest receivable on investments and other asses, net

1,159

864

295

1,021

138

Receivables from resolutions, net

1,367

1,352

15

2,669

(1,302)

Property and equipment, net

321

314

7

330

(9)

Operating lease right-of-use assets

112

115

(3)

0

112

Total Assets

118,683

117,178

1,505

111,325

7,358

Accounts payable and other liabilities

251

234

17

215

36

Operating lease liabilities

119

122

(3)

0

119

Liabilities due to resolutions

11

5

(4)

346

(34)

Postretirement benefit liability

336

289

47

289

47

Contingent liabilty for anticipated failures

79

62

17

94

(15)

Contingent liabilty for guarantee payments and litigaton losses

0

32

(32)

34

(34)

Total Liabilities

786

744

(42)

978

(192)

FYI: Unrealized gain (loss) on US Treasury securities, net

1,070

1,370

(300)

587

483

FYI: Unrealized postretirement benefit (loss) gain

(98)

(61)

(37)

(61)

(37)

Fund Balance

$117,897

$116,434

$1,463

$110,347

$7,550

Highlights of DIF Comprehensive Income for the Years 2016 through 2020 (dollars in billions)
Highlights of DIF Comprehensive Income for the Years 2016 through 2020 (dollars in billions)

 

2016

2017

2018

2019

2020

Assessments

$10.0

$10.6

$9.5

$4.9

$7.1

Earnings on U.S. Treasury Securities

$0.7

$0.6

$1.5

$3.3

$2.2

Operating Expenses

($1.7)

($1.7)

($1.8)

($1.8)

($1.8)

Negative Provision for Insurance Losses

$1.6

$0.2

$0.6

$1.3

$0.2

Comprehensive Income

$10.6

$9.6

$9.9

$7.7

$7.5

While 2020 comprehensive income was relatively consistent with 2019, the contribution mix from 3 of the 4 components varied significantly. Assessment revenue increased in 2020, however, the negative provision for insurance losses and earnings on UST securities decreased. The increase in assessment revenue resulted from the combination of assessment base growth, higher assessment rates, and the wind-down of small bank credit usage. The negative provision for losses declined in 2020 as a result of lower reductions to the estimated losses for prior year failures. In addition, the decrease in earnings on UST securities was attributable to the reinvestment of matured securities at record low yields.

Last Updated: March 22, 2021