FDIC: Executive Management Report

Home


		Home > About FDIC > Financial Reports > Executive Management Report

Executive Management Report

FSLIC Resolution Fund
Statements of Income and Accumulated Deficit
June 2002

Dollars in Millions	F R F - F S L I C (Unaudited) Year-to-Date:		F R F - R T C (Unaudited) Year-to-Date:		FRF - CONSOLIDATED (Unaudited) Year-to-Date:
empty cell	2002	2001	2002	2001	2002	2001
Revenue	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Interest on securitization related assets acquired from receiverships	$0	$0	$5	$19	$5	$ 19
Interest on U.S. Treasury obligations	23	62	0	0	23	62
Interest on advances and subrogated claims	0	0	1	15	1	15
Realized gain on investment in securitization related assets acquired from receiverships	0	0	200	111	200	111
Other revenue	2	1	9	14	11	15
Total Revenue	25	63	215	159	240	222
Expenses and Losses	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Operating expenses	3	3	19	31	22	34
Realized loss on investment in securitization related assets acquired from receiverships	0	0	4	12	4	12
Provision for losses	0	(5)	(1)	(13)	(1)	(18)
Expenses for goodwill settlements and litigation	21	(6)	0	0	21	(6)
Interest expense on notes payable and other expenses	1	5	2	2	3	7
Total Expenses and Losses	25	(3)	24	32	49	29
Net Income	0	66	191	127	191	193
Unrealized loss on available-for-sale securities, net (current period)	0	0	(139)	(1)	(139)	(1)
Comprehensive Income	0	66	52	126	52	192
Accumulated Deficit - Beginning	(41,373)	(41,738)	(81,827)	(82,074)	(123,200)	(123,812)
Accumulated Deficit - Ending	$ (41,373)	$ (41,672)	$ (81,775)	$ (81,948)	$ (123,148)	$ (123,620)

Last Updated 07/15/2002

Home Contact Us Search Help SiteMap Forms
Freedom of Information Act (FOIA) Service Center Website Policies USA.gov