|
|
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 |
| |
