DIF Balance Sheet - Third Quarter 2024
| Balance Sheet | |||||
|---|---|---|---|---|---|
Sep-24 | Jun-24 | Quarterly Change | Sep-23 | Year-Over-Year Change | |
| Cash and cash equivalents | $68,976 | $77,447 | ($8,471) | $30,230 | $38,746 |
| Investment in U.S. Treasury securities | 19,840 | 2,497 | 17,343 | 52,215 | (32,375) |
| Assessments receivable | 3,308 | 3,288 | 20 | 3,273 | 35 |
| Special Assessments receivable | 14,722 | 17,062 | (2,340) | 16,274 | (1,552) |
| Interest receivable on investments and other assets, net | 156 | 65 | 91 | 350 | (194) |
| Receivables from resolutions, net | 37,297 | 55,265 | (17,968) | 158,395 | (121,098) |
| Property and equipment | 311 | 306 | 5 | 368 | (57) |
| Operating lease right-of-use assets | 88 | 72 | 16 | 79 | 9 |
| Total Assets | $144,698 | $156,001 | ($11,303) | $261,184 | ($116,486) |
| Accounts payable and other liabilities | 474 | 532 | (58) | 401 | 73 |
| Operating lease liabilities | 109 | 93 | 16 | 100 | 9 |
| Liabilities due to resolutions | 10,583 | 25,835 | (15,252) | 140,311 | (129,728) |
| Postretirement benefit liability | 256 | 50 | 115 | 801 | (636) |
| Contingent liability for anticipated failures | 165 | 797 | (747) | 220 | (170) |
| Contingent liability for litigation losses | 0 | 0 | 0 | 0 | 0 |
| Total Liabilities | $11,587 | $26,765 | ($15,178) | $141,845 | ($130,258) |
| FYI: Unrealized gain (loss) on U.S. Treasury securities, net | 31 | (3) | 34 | (667) | 698 |
| FYI: Unrealized postretirement benefit (loss) gain | 10 | 10 | 0 | 27 | (17) |
| Fund Balance | $133,111 | $129,236 | $3,875 | $119,339 | $13,772 |
Since 2023, much of the DIF portfolio was held in overnight investments. However, beginning in the third quarter of 2024, the FDIC began extending the duration of the DIF portfolio.
4Q 2023 | 1Q 2024 | 2Q 2024 | 3Q 2024 | |
|---|---|---|---|---|
| UST Overnight Investments | $4,816 | $61,033 | $77,431 | $68,950 |
| Investment in UST Securities | $18,929 | $9,953 | $2,497 | $19,840 |
| Yield-to-Maturity | 4.659 | 5.377 | 5.410 | 4.826 |
| Duration | 0.20 | 0.02 | 0.00 | 0.11 |