FDIC: Executive Management Report

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Executive Management Report

FSLIC Resolution Fund
Statements of Income and Accumulated Deficit
March 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	$3	$0	$ 3
Interest on U.S. Treasury obligations	9	12	0	0	9	12
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	0	123	0	123
Other revenue	0	1	1	2	1	3
Total Revenue	9	13	1	129	10	142
Expenses and Losses	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Operating expenses	1	2	3	9	4	11
Realized loss on investment in securitization-related assets acquired from receiverships	0	0	0	3	0	3
Provision for losses	(8)	(1)	(6)	1	(14)	0
Expenses for goodwill settlements and litigation	0	21	0	0	0	21
Interest expense on notes payable and other expenses	0	1	1	1	1	2
Total Expenses and Losses	(7)	23	(2)	14	(9)	3
Net Income	16	(10)	3	115	19	105
Unrealized gain/(loss) on available-for-sale securities, net (current period)	0	0	1	(94)	1	(94)
Comprehensive Income	16	(10)	4	21	20	11
Accumulated Deficit - Beginning	(41,283)	(41,373)	(81,690)	(81,827)	(122,973)	(123,200)
Accumulated Deficit - Ending	$ (41,267)	$ (41,383)	$ (81,686)	$ (81,806)	$ (122,953)	$ (123,189)

Last Updated 04/29/2003

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