Pension Benefit Guaranty Corporation
Statements of Financial Condition

ASSETS (Dollars in millions) Single-Employer Program Multiemployer Program Memorandum Total
 
September 30, 2005
September 30, 2004
September 30, 2005
September 30, 2004
September 30, 2005
September 30, 2004
Cash and cash equivalents

$ 8,889

$ 7,692

$ 13

$ 14

$ 8,902

$ 7,706

             
Investments, at market (Note 3):            
Fixed maturity securities

33,160

17,333

1,134

1,042

34,294

18,375

Equity securities

12,284

11,115

0

1

12,284

11,116

Real estate and real estate investment trusts

29

91

0

0

29

91

Other

25

23

0

0

25

23

Total investments

45,498

28,562

1,134

1,043

46,632

29,605

             
Receivables, net:            
Sponsors of terminated plans

146

129

0

0

146

129

Premiums (Note 9)

425

619

0

1

425

620

Sale of securities

1,124

1,756

0

0

1,124

1,756

Investment income

359

213

13

12

372

225

Other

2

2

0

0

2

2

Total receivables

2,056

2,719

13

13

2,069

2,732

             
Capitalized assets, net

27

20

$ 0 $ 0

27

20

             
Total assets

$56,470

$38,993

$1,160

$1,070

$57,630

$40,063

The accompanying notes are an integral part of these financial statements.

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