FDIC: Executive Management Report

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Executive Management Report

FSLIC Resolution Fund
Statements of Income and Accumulated Deficit
June 2003

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	2003	2002	2003	2002	2003	2002
Revenue	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Interest on securitization-related assets acquired from receiverships	$0	$0	$0	$5	$0	$ 5
Interest on U.S. Treasury obligations	18	23	0	0	18	23
Interest on advances and subrogated claims	0	0	0	1	0	1
Realized gain on investment in securitization-related assets acquired from receiverships	0	0	(1)	200	(1)	200
Other revenue	7	2	3	9	10	11
Total Revenue	25	25	2	215	27	240
Expenses and Losses	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Operating expenses	4	3	8	19	12	22
Realized loss on investment in securitization-related assets acquired from receiverships	0	0	(1)	4	(1)	4
Provision for losses	(8)	0	(7)	(1)	(15)	(1)
Expenses for goodwill settlements and litigation	(19)	21	0	0	(19)	21
Interest expense on notes payable and other expenses	1	1	0	2	1	3
Total Expenses and Losses	(22)	25	0	24	(22)	49
Net Income	47	0	2	191	49	191
Unrealized gain/(loss) on available-for-sale securities, net (current period)	0	0	2	(139)	2	(139)
Comprehensive Income	47	0	4	52	51	52
Accumulated Deficit - Beginning	(41,283)	(41,373)	(81,690)	(81,827)	(122,973)	(123,200)
Accumulated Deficit - Ending	$ (41,236)	$ (41,373)	$ (81,686)	$ (81,775)	$ (122,922)	$ (123,148)

Last Updated 08/21/2003

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