301 Moved Permanently
301 Moved Permanently
openresty
 |
Selected
Financial Data - First Quarter
2013
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
|
Audited Dec-12 |
Quarterly Change |
Unaudited Mar-12 |
Year-Over-Year Change |
Cash and cash equivalents |
$3,594 |
$3,594 |
- |
$3,579 |
$15 |
| Accumulated deficit |
(124,459) |
(124,460) |
1 |
(124,281) |
(178) |
| Total resolution equity |
3,598 |
3,597 |
1 |
3,595 |
3 |
| Total revenue |
1 |
5 |
|
1 |
- |
| Operating expenses |
- |
4 |
|
1 |
(1) |
| Goodwill litigation expenses |
- |
181 |
|
- |
- |
| Payment/Recovery of tax benefits |
- |
- |
|
- |
- |
| Net Income (Loss) |
$1 |
($179) |
|
$- |
$1 |
| Receivership
Selected Statistics March 2013 vs. March 2012 |
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Mar-13 |
Mar-13 |
Change |
Mar-13 |
Mar-12 |
Change |
Mar-13 |
Mar-12 |
Change |
Total Receiverships |
467 |
442 |
25 |
3 |
5 |
(2) |
470 |
447 |
23 |
| Assets in Liquidation |
$15,498 |
$21,015 |
($5,517) |
$6 |
$20 |
($14) |
$15,504 |
$21,035 |
($5,531) |
| YTD Collections |
$2,367 |
$2,597 |
($230) |
$2 |
$4 |
($2) |
$2,369 |
$2,601 |
($232) |
| YTD Dividend/ Other Pymts - Cash |
$768 |
$1,337 |
($569) |
$- |
$- |
$- |
$768 |
$1,337 |
($569) |
Bank Failures - Average Total Assets and Average Estimated DIF Losses (as of March 31, 2013) |
| Year |
Average Total Assets |
Average Estimated Losses |
Average Estimated Losses as a % of Avg. Assets |
| 2008 |
2,606 |
828 |
32% |
| 2009 |
1,223 |
247 |
20% |
| 2010 |
594 |
133 |
22% |
| 2011 |
398 |
95 |
24% |
| 2012 |
231 |
54 |
23% |
| 2013 |
116 |
29 |
25% |
- Since 2008, estimated losses averaged 23% of total assets.
- 2008 excludes Washington Mutual Bank with total assets of $299 billion and zero estimated losses to the DIF.
- IndyMac Bank accounted for two-thirds ($13.2B) of total 2008 failure estimated losses of $19.9B. Excluding IndyMac Bank, average total assets and estimated losses in 2008 were $1,504 million and $290 million (19%), respectively.
|
