|
|
Selected
Financial Data - Fourth Quarter
2011
Fund Financial Results |
($
in millions) |
FSLIC
Resolution Fund |
|
Unaudited Dec-11 |
Sep-11 |
Quarterly Change |
Audited
Dec-10 |
Year-Over-Year Change |
Cash and cash equivalents |
$3,533 |
$3,528 |
$5 |
$3,548 |
$(15) |
Accumulated deficit |
(124,281) |
(124,275) |
(6) |
(124,224) |
(57) |
Total resolution equity |
3,595 |
3,551 |
44 |
3,568 |
27 |
Total revenue |
5 |
6 |
(1) |
13 |
(8) |
Operating expenses |
5 |
3 |
2 |
4 |
1 |
Goodwill litigation expenses |
83 |
33 |
50 |
(53) |
136 |
Payment/Recovery of tax benefits |
(18) |
26 |
(44) |
(63) |
45 |
Net Income (Loss) |
($56) |
($51) |
($5) |
$124 |
($180) |
Receivership
Selected Statistics December 2011 vs. December 2010 |
|
DIF |
FRF |
ALL FUNDS |
|
Dec-11 |
Dec-10 |
Change |
Dec-11 |
Dec-10 |
Change |
Dec-11 |
Dec-10 |
Change |
Total Receiverships |
426 |
336 |
90 |
5 |
8 |
(3) |
431 |
344 |
87 |
Assets in Liquidation |
$20,891 |
$26,974 |
($6,083) |
$22 |
$25 |
($3) |
$20,913 |
$26,999 |
($6,086) |
YTD Collections |
$12,334 |
$25,456 |
($13,122) |
$10 |
$17 |
($7) |
$12,344 |
$25,473 |
($13,129) |
YTD Dividend/ Other Pmts - Cash |
$8,876 |
$13,557 |
($4,681) |
$- |
$- |
$- |
$8,876 |
$13,557 |
($4,681) |
Primary Contributors to the Change in the Fund Balance ($
in millions) |
|
Assessments |
Provision for Losses |
Change in Fund Balance |
4th Qtr 2010 |
$3,498 |
($2,446) |
$657 |
1st Qtr 2011 |
$3,484 |
$3,089 |
$6,329 |
2nd Qtr 2011 |
$3,163 |
$2,095 |
$4,939 |
3rd Qtr 2011 |
$3,642 |
$763 |
$3,897 |
4th Qtr 2011 |
$3,210 |
($1,533) |
$4,013 |
|