FDIC: Executive Management Report

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Executive Management Report

FSLIC Resolution Fund
Statements of Income and Accumulated Deficit
December 2002

Dollars in Millions	F R F - F S L I C (Unaudited) Year-to-Date:		F R F - R T C (Unaudited) Year-to-Date:		FRF - CONSOLIDATED (Unaudited) Year-to-Date:
empty cell	2002	2001	2002	2001	2002	2001
Revenue	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Interest on securitization related assets acquired from receiverships	$0	$0	$7	$33	$7	$ 33
Interest on U.S. Treasury obligations	47	99	0	0	47	99
Interest on advances and subrogated claims	0	0	1	18	1	18
Realized gain on investment in securitization-related assets acquired from receiverships	0	0	353	352	353	352
Other revenue	10	51	15	27	25	78
Total Revenue	57	150	376	430	433	580
Expenses and Losses	empty cell	empty cell	empty cell	empty cell	empty cell	empty cell
Operating expenses	8	7	38	68	46	75
Realized loss on investment in securitization-related assets acquired from receiverships	0	0	1	23	1	23
Provision for losses	(83)	(309)	(66)	(60)	(149)	(369)
Expenses for goodwill settlements and litigation	40	62	0	0	40	62
Interest expense on notes payable and other expenses	2	25	3	3	5	28
Total Expenses and Losses	(33)	(215)	(24)	34	(57)	(181)
Net Income	90	365	400	396	490	761
Unrealized loss on available-for-sale securities, net (current period)	0	0	(263)	(149)	(263)	(149)
Comprehensive Income	90	365	137	247	227	612
Accumulated Deficit - Beginning	(41,373)	(41,738)	(81,827)	(82,074)	(123,200)	(123,812)
Accumulated Deficit - Ending	$ (41,283)	$ (41,373)	$ (81,690)	$ (81,827)	$ (122,973)	$ (123,200)

Last Updated 04/08/2003

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