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

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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

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
     


Last Updated 04/16/2012 dofbusinesscenter@fdic.gov

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