|
|
FSLIC
Resolution Fund (FRF) -
Second Quarter 2006
| Fund Financial Results |
($ in millions – All data is unaudited) |
| |
06/30/06 |
12/31/05 |
06/30/05 |
Year-Over-Year Change |
Cash and cash equivalents |
$ 3,506 |
$ 3602 |
$ 3,581 |
$ (75) |
Accumulated
deficit, net |
(123,684) |
(123,631) |
(123,140) |
(544) |
| Resolution
Equity |
3,502 |
3,376 |
3,625 |
(123) |
Total
Revenue |
$ 80 |
$ 122 |
$ 58 |
$ 22 |
| Operating expenses |
8 |
25 |
10 |
(2) |
Expenses for goodwill settlements and litigation |
348 |
718 |
382 |
(34) |
Net (loss) |
(53) |
(826) |
(335) |
282 |
| 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 |
2nd
Quarter 2006 |
0 |
169 |
|
