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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

   •  BIF & SAIF Balance Sheet
   •  BIF & SAIF Income Statement
   •  BIF & SAIF Statements of Cash Flows
   •  FRF Statements of Cash Flows
   •  Assets in Liquidation
II. Investments Results & Prospective Strategy

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

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
FSLIC Resolution Fund (FRF) Statements of Cash Flows - Fourth Quarter 2004

Fund Financial Results ($ in millions – All data is unaudited)
FSLIC Resolution Fund (FRF) -
Statements of Cash Flows
12/31/04 12/31/03
Net Income $        158 $         52
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
   Provision for losses (7) (33)
   Net change in operating assets and liabilities (49) 85
Net Cash Provided by Operating Activities $          102 $        104
Investment in securitization-related assets acquired from receivership 116 6
Net Cash Provided by Investing Activities $          116 $           6
Net Cash Provided (Used) by Financing Activities 5 (450)
Net Increase/(Decrease) in Cash and Cash Equivalents 223 (340)
Cash and Cash Equivalents at beginning of year 3,278 3,618
Cash and Cash Equivalents - Ending $     3,501 $     3,278




Last Updated 2/23/2005 dofbusinesscenter@fdic.gov

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