|
|
Selected
Financial Data - Second Quarter
2012
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
Jun-12 |
Mar-12 |
Quarterly Change |
Jun-11 |
Year-Over-Year Change |
Cash and cash equivalents |
$3,596 |
$3,579 |
$17 |
$3,525 |
$71 |
| Accumulated deficit |
(124,461) |
(124,281) |
(180) |
(124,278) |
(183) |
| Total resolution equity |
3,595 |
3,595 |
- |
3,548 |
47 |
| Total revenue |
2 |
1 |
|
3 |
(1) |
| Operating expenses |
3 |
1 |
|
2 |
1 |
| Goodwill litigation expenses |
181 |
- |
|
33 |
148 |
| Payment/Recovery of tax benefits |
- |
- |
|
26 |
(26) |
| Net Income (Loss) |
($180) |
$- |
|
($54) |
($126) |
| Receivership
Selected Statistics June 2012 vs. June 2011 |
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Jun-12 |
Jun-11 |
Change |
Jun-12 |
Jun-11 |
Change |
Jun-12 |
Jun-11 |
Change |
Total Receiverships |
454 |
384 |
70 |
4 |
8 |
(4) |
458 |
392 |
66 |
| Assets in Liquidation |
$19,516 |
$24,001 |
($4,485) |
$7 |
$25 |
($18) |
$19,523 |
$24,026 |
($4,503) |
| YTD Collections |
$4,597 |
$6,580 |
($1,983) |
$17 |
$1 |
$16 |
$4,614 |
$6,581 |
($1,967) |
| YTD Dividend/ Other Pymts - Cash |
$2,319 |
$5,554 |
($3,235) |
$- |
$- |
$- |
$2,319 |
$5,554 |
($3,235) |
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% |
Jun-2012 |
31 |
$7.6 |
$1.8 |
24% |
*Excludes WAMU with total assets of $299 billion and no estimated loss to the DIF. |
