|
|
Selected Financial Data - Fourth Quarter 2008
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
Unaudited
Dec-08 |
Sep-08 |
Quarterly Change |
Dec-07 |
Year-Over-Year Change |
| Cash and cash equivalents |
$3,467 |
$3,459 |
$8 |
$3,617 |
($150) |
| Accumulated deficit, net |
(123,948) |
(123,885) |
(63) |
(123,770) |
(178) |
| Resolution equity |
3,494 |
3,470 |
24 |
3,648 |
(154) |
| Total revenue |
$63 |
$60 |
$3 |
$188 |
($125) |
| Operating expenses |
3 |
4 |
(1) |
3 |
0 |
| Goodwill/Guarini litigation expenses |
254 |
167 |
87 |
196 |
58 |
| Net (Loss)/Income |
($178) |
($115) |
($63) |
$64 |
($242) |
| Receivership
Selected Statistics December 2008 vs. December 2007 |
| |
DIF |
FRF |
ALL FUNDS |
| Year-to-Date ($ in millions) |
Dec-08 |
Dec-07 |
Change |
Dec-08 |
Dec-07 |
Change |
Dec-08 |
Dec-07 |
Change |
| Total Receiverships |
41 |
22 |
19 |
8 |
13 |
(5) |
49 |
35 |
14 |
| Assets in Liquidation |
$15,073 |
$875 |
14,198 |
$34 |
$32 |
2 |
$15,507 |
$907 |
14,200 |
| Collections |
$1,858 |
$1,207 |
651 |
$7 |
$39 |
(32) |
$1,865 |
$1,246 |
619 |
| Dividends Paid |
$1,553 |
$1,647 |
(94) |
$4 |
$5 |
(1) |
$1,557 |
$1,652 |
(95) |
Total number of bank failures for 2008 was 25.
The combined total assets for all bank failures was $361 billion.
The combined total estimated losses was $18 billion.
The majority of the assets that were retained are concentrated in commercial
loans ($2.8 billion), commercial real estate ($6.2 billion), and ressidential
loans ($2.6 billion).
2008
Bank Failures by State, Number of Banks and Total Assets (in millions) |
State |
Number
of Banks |
Total
Assets
|
| AR. |
1 |
$2,011 |
| CA. |
5 |
$45,716 |
| FL. |
2 |
$517 |
| GA. |
5 |
$2,854 |
| IL. |
1 |
$37 |
| KS. |
1 |
$726 |
| MI. |
1 |
$102 |
| MN. |
1 |
$53 |
| MO. |
2 |
$70 |
| TX. |
2 |
$4,979 |
| NV. |
3 |
$304,171 |
| WV. |
1 |
$100 |
|
