
|
 |
FSLIC
Resolution Fund (FRF) -
First Quarter 2005
| Fund Financial Results |
($ in millions – All data is unaudited) |
| |
03/31/06 |
12/31/05 |
03/31/05 |
Year-Over-Year Change |
Cash and cash equivalents |
$ 3,636 |
$ 3602 |
$ 3,549 |
$ 87 |
Accumulated
deficit, net |
(123,777) |
(123,631) |
(123,172) |
(605) |
| Resolution
Equity |
3,409 |
3,376 |
3,593 |
(184) |
Total
Revenue |
$ 37 |
$ 122 |
$ 20 |
$ 17 |
| Operating expenses |
3 |
25 |
6 |
(3) |
Expenses for goodwill settlements and litigation |
179 |
718 |
382 |
(203) |
| Net Increase in Cash and Cash
Equivalents |
|
102 |
102 |
223 |
Comprehensive income/(loss) |
(146) |
(826) |
(367) |
221 |

| FRF
Quarterly Payments for Goodwill & Guarini Settlements |
| |
Goodwill
Settlements |
Guarini
Cases |
1st
Quarter 2005
|
382 |
0 |
2nd
Quarter 2005
|
0 |
0 |
|
3rd
Quarter 2005
|
9 |
28 |
4th
Quarter 2005
|
234 |
49 |
1st Quarter 2006 |
179 |
0 |
|