Bank Insurance Fund’s Financial StatementsPostretirement Benefits Other Than Pensions Dollars in Thousands Funded Status at December 31 Accrued benefit liability recognized in the Expens
Trang 1Bank Insurance Fund’s Financial Statements
Postretirement Benefits Other Than Pensions
Dollars in Thousands
Funded Status at December 31
Accrued benefit liability recognized in the
Expenses and Cash Flows for the Period Ended December 31
Weighted-Average Assumptions at December 31
(a) Invested in U.S Treasury obligations.
Total dental coverage trend rates were assumed to be 7% per year, inclusive of general inflation
Dental costs were assumed to be subject to an annual cap of $2,000
12 Commitments and Off-Balance-Sheet Exposure
Commitments
Leases
The BIF's allocated share of the FDIC’s lease commitments totals $150.9 million for future
years The lease agreements contain escalation clauses resulting in adjustments, usually on an
annual basis The allocation to the BIF of the FDIC’s future lease commitments is based upon
current relationships of the workloads among the BIF, the SAIF, and the FRF Changes in the
relative workloads could cause the amounts allocated to the BIF in the future to vary from the
amounts shown below The BIF recognized leased space expense of $41.5 million and $47.7
million for the years ended December 31, 1999 and 1998, respectively
L ease C om mitments
D ollars in T housands
$39,487 $34,718 $33,322 $23,043 $13,261 $7,085
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