|
|
Selected
Financial Data - Fourth Quarter
2013
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
|
Unaudited Sep-13 |
Quarterly Change |
Audited Dec-12 |
Year-Over-Year Change |
Cash and cash equivalents |
$871 |
$871 |
- |
$3,594 |
($2,723) |
| Accumulated deficit |
(124,460) |
(124,459) |
(1) |
(124,460) |
- |
| Total resolution equity |
872 |
874 |
(2) |
3,597 |
(2,725) |
|
Total revenue |
3 |
2 |
1 |
5 |
(2) |
| Operating expenses |
1 |
1 |
1 |
4 |
(2) |
| Goodwill litigation expenses |
1 |
1 |
- |
181 |
(180) |
| Recovery of tax benefits |
- |
- |
- |
- |
- |
| Net Income (Loss) |
($1) |
$1 |
($2) |
($179) |
$178 |
| Receivership
Selected Statistics December 2013 vs. December 2012 |
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Dec-13 |
Dec-12 |
Change |
Dec-13 |
Dec-12 |
Change |
Dec-13 |
Ded-12 |
Change |
Total Receiverships |
479 |
463 |
16 |
1 |
3 |
(2) |
480 |
466 |
14 |
| Assets in Liquidation |
$11,299 |
$16,989 |
($5,690) |
$5 |
$7 |
($2) |
$11,304 |
$16,996 |
($5,692) |
| YTD Collections |
$8,835 |
$8,381 |
$454 |
$4 |
$18 |
($14) |
$8,839 |
$8,399 |
$440 |
| YTD Dividend/ Other Pymts - Cash |
$5,690 |
$4,978 |
$712 |
$- |
$- |
$- |
$5,690 |
$4,978 |
$712 |
| DIF Cash Receipts and Disbursements - Key Acitivities |
| |
2013 |
2014 |
Cash Inflows |
|
|
Assessments
|
$ 7,112 |
$ 1,525 |
Interest on UST obligations
|
1,080 |
1,089 |
Recoveries
|
5,696 |
4,938 |
Sale of trust preferred securities
|
2,420 |
0 |
| Cash Outflows |
|
|
Operating Expenses
|
$ (1,558) |
$ (1,703) |
Disbursements for resolutions
|
(3,857) |
(8,999) |
Refunds of prepaid assessments
|
(5,850) |
0 |
Net (purchase)/maturity of UST obligations
|
(4,760) |
(1,256) |
|
