Selected Financial Data - Third Quarter 2023
| FSLIC Resolution Fund | |||||
|---|---|---|---|---|---|
| Sep-23 | Jun-23 | Quarterly Change | Sep-22 | Year-Over-Year Change | |
| Cash and cash equivalents | $956 | $944 | $12 | $914 | $42 |
| Accumulated deficit | (124,513) | (124,525) | 12 | (124,555) | 42 |
| Total resolution equity | 957 | 945 | 12 | 914 | 43 |
| Total revenue | 34 | 22 | 12 | 7 | 27 |
| Operating expenses | 0 | 0 | 0 | 0 | 0 |
| Losses related to thrift resolutions | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) | $34 | $22 | 12 | $7 | $27 |
| $ in millions | DIF | FRF | ALL FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Sep 23 | Sep 22 | Change | Sep 23 | Sep 22 | Change | Sep 23 | Sep 22 | Change | |
| Total Receiverships | 103 | 156 | (53) | 0 | 0 | 0 | 103 | 156 | (53) |
| Assets in Liquidation | $79,673 | $48 | $79,625 | $0 | $0 | $0 | $79,673 | $48 | $79,625 |
| YTD Collections | $175,621 | $133 | $175,488 | $0 | $0 | $0 | $175,621 | $133 | $175,488 |
| YTD Dividend/Other Pmts - Cash | $40,273 | $417 | $39,856 | $0 | $0 | $0 | $40,273 | $417 | $39,856 |
During the 3rd quarter 2023, the provision for insurance losses increased by $1.2 billion to $19.7 billion at 9/30/23. The total estimated losses for the three large regional bank failures in 2023 rose by $1.1 billion to $35.2 billion as of quarter-end. The portion of the estimated losses that are attributable to uninsured deposits ($16.3 billion) will be recovered from the banking industry through a special assessment.
| September 30, 2023 | |
|---|---|
| Increase to Estimated Losses for Future Failures | $0.58 |
| Estimated loss for Heartland Tri-State Bank | $0.05 |
| Adjustement to Estimated Loss for First Republic Bank | $0.92 |
| Adjustment to Estimated Loss for SVB | $0.21 |
| Adjustment to Estimated Loss for Signature Bank | ($0.50) |