FDIC: Executive Management Report

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Executive Management Report

FSLIC Resolution Fund
Statements of Income and Accumulated Deficit
September 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	$7	$26	$7	$ 26
Interest on U.S. Treasury obligations	36	85	0	0	36	85
Interest on advances and subrogated claims	0	0	1	19	1	19
Realized gain on investment in securitization related assets acquired from receiverships	0	0	313	234	313	234
Other revenue	2	2	10	20	12	22
Total Revenue	38	87	331	299	369	386
Expenses and Losses	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Operating expenses	5	5	29	48	34	53
Realized loss on investment in securitization related assets acquired from receiverships	0	0	5	15	5	15
Provision for losses	(9)	(87)	(51)	(16)	(60)	(103)
Expenses for goodwill settlements and litigation	21	(6)	0	0	21	(6)
Interest expense on notes payable and other expenses	1	6	2	2	3	8
Total Expenses and Losses	18	(82)	(15)	49	3	(33)
Net Income	20	169	346	250	366	419
Unrealized loss on available-for-sale securities, net (current period)	0	0	(233)	(71)	(233)	(71)
Comprehensive Income	20	169	113	179	133	348
Accumulated Deficit - Beginning	(41,373)	(41,738)	(81,827)	(82,074)	(123,200)	(123,812)
Accumulated Deficit - Ending	$ (41,353)	$ (41,569)	$ (81,714)	$ (81,895)	$ (123,067)	$ (123,464)

Last Updated 10/17/2002

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