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Chief Financial Officer's (CFO) Report to the Board

301 Moved Permanently

301 Moved Permanently


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Selected Financial Data - First Quarter 2012

Fund Financial Results ($ in millions)
FSLIC Resolution Fund
 
Unaudited Mar-12
Audited Dec-11
Quarterly Change
Unaudited Mar-11
Year-Over-Year Change
Cash and cash equivalents $3,579 $3,533 $46 $3,548 $31
Accumulated deficit (124,281) (124,281) - (124,224) (57)
Total resolution equity 3,595 3,595 - 3,568 27
Total revenue 1 5   2 (1)
Operating expenses 1 5   2 (1)
Goodwill litigation expenses - 83   - -
Payment/Recovery of tax benefits - (18)   - -
Net Income (Loss) $- ($56)   $- $-

Receivership Selected Statistics March 2012 vs. March 2011
$ in millions
DIF
FRF
ALL FUNDS
  Mar-12 Mar-11 Change Mar-12 Mar-11 Change Mar-12 Mar-11 Change
Total Receiverships 442 362 80 5 8 (3) 447 370 77
Assets in Liquidation $21,015 $26,476 ($5,461) $20 $25 ($5) $21,035 $26,501 ($5,466)
YTD Collections $2,592 $2,276 $316 $4 $1 $3 $2,596 $2,277 $319
YTD Dividend/ Other Pymts - Cash $1,337 $3,279 ($1,942) $- $- $- $1,337 $3,279 ($1,942)

Assets at Inception and Estimated Losses to the DIF
  Year of Failure
Bank Failures
Total Assets
(in billions)
Total Estimated Losses
(in billions
)
Average Estimated Losses as a % of Average Assets
2008*
24
$62.5
$20.1
32%
2009
140
$171.2
$37.1
22%
2010
157
$93.2
$22.4
24%
2011
92
$36.6
$8.0
22%
Mar-2012
16
$4.9
$1.3
27%

*Excludes WAMU with total assets of $299 billion and no estimated loss to the DIF.

     


Last Updated 06/11/2012 dofbusinesscenter@fdic.gov

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