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

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  Selected Financial Data
II. Investments Results & Prospective Strategies

   •  Corporate Investment Portfolio Summary
   •  Approved Investment Strategies
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

Selected Financial Data - Third Quarter 2008

Fund Financial Results ($ in millions)
FSLIC Resolution Fund
 
Sep-08
Jun-08
Quarterly Change
Sep-07
Year-Over-Year Change
Cash and cash equivalents $3,459 $3,444 $15 $3,764 ($305)
Accumulated deficit, net (123,885) (123,811) (74) (123,836) (49)
Resolution equity 3,470 3,458 12 3,790 (320)
Total revenue $60 $43 $17 $150 ($90)
Operating expenses 4 2 2 2 2
Goodwill/Guarini litigation expenses 167 77 90 179 (12)
Net (Loss)/Income ($115) ($41) ($74) ($2) ($113)

Receivership Selected Statistics September 2008 vs. September 2007
 
DIF
FRF
ALL FUNDS
Year-to-Date ($ in millions) Sep-08 Sep-07 Change Sep-08 Sep-07 Change Sep-08 Sep-07 Change
Total Receiverships 30 25 5 9 15 (6) 39 40 (1)
Assets in Liquidation $9,481 $2,085 7,396 $34 $32 2 $9,515 $2,117 7,398
Collections $432 $56 376 $7 $39 (32) $439 $95 344
Dividends Paid $844 $252 592 $4 $1 3 $848 $253 595

2008 FDIC Bank Failures through September 30, 2008
Institution Name
Location
Date of Failure
Assets at Failure
Cash Outlays
Estimated/ Actual Loss
Washington Mutual Bank
Henderson, NV
9/25/2008 $298,792 $0 $0
Ameribank, Inc.
Northfork, WV
9/19/2008 $100 $99 $42
Silver State Bank
Henderson, NV
9/5/2008 $1,795 $1,358 $505
Integrity Bank
Alpharetta, GA
8/29/2008 $1,045 $934 $295
Columbian Bank & Trust
Topeka, KS
8/22/2008 $726 $576 $62
First Priority Bank
Bradenton, FL
8/1/2008 $241 $202 $72
First Heritage Bank, N.A.
Newport Beach, CA
7/25/2008 $289 $257 $42
First National Bank of Nevada
Reno, NV
7/25/2008 $3,585 $2,807 $820
IndyMac Bank
Pasedena, CA
7/11/2008 $27,958 $14,300 $8,900
First Integrity Bank
Staples, MN
5/30/2008 $53 $50 $2
ANB Financial, N.A.
Bentonville, AR
5/9/2008 $2,012 $1,743 $214
Hume Bank
Hume, MO
3/7/2008 $17 $14 $3
Douglass National Bank
Kansas City, MO
1/25/2008 $53 $10 $6
 

 


Last Updated 12/16/2008 dofbusinesscenter@fdic.gov