FSLIC Resolution Fund
Statements of Income and Accumulated Deficit
June 2000

Dollars in Millions

FRF - FSLIC

FRF - RTC

FRF- CONSOLIDATED

(Unaudited)

(Unaudited)

(Unaudited)

Year-to-Date:

Year-to-Date:

Year-to-Date:

Revenue

Interest on securitization  related assets acquired  from receiverships

$

0

0

$

39

$

50

$

39

$

50

Interest on U.S. Treasury   obligations

68

50

0

0

68

50

Interest on advances and  subrogated claims

0

0

82

22

82

22

Revenue from assets acquired from      assisted thrifts and terminated receiverships

 2

6

 7

8

9

 14

Realized gain on             investment in securitization related assets acquired from receiverships

0

0

50

55

50

55

Limited partnership equity   interests and other         revenue

0

3

6

1

6

4

Total Revenue

70

59

184

136

254

195

Expenses and Losses

Operating expenses

3

2

38

34

41

36

0

0

11

29

11

29

Provision for losses

(9)

(11)

41

(174)

32

(185)

Expenses for goodwill settlements and litigation

(2)

0

0

0

(2)

0

Expenses for assets acquired from assisted

thrifts and terminated receiverships

2

3

7

2

9

5

Interest expense on notes payable and other expenses

6

4

3

1

9

5

Total Expenses and Losses

0

(2)

100

(108)

100

(110)

Net Income

70

61

84

244

154

305

Unrealized loss on available-for-sale securities, net (current period)

0

0

(17)

(30)

(17)

(30)

Comprehensive Income

70

61

67

214

137

275

Accumulated Deficit - Beginning

(41,930)

(42,058)

(82,744)

(83,022)

(124,674)

(125,080)

Accumulated Deficit -  Ending

$

(41,860)

(41,997)

$

(82,677)

$

(82,808)

$

(124,537)

$

(124,805)