|
|
FSLIC Resolution Fund, Condensed Financial Statements
June 2004
Dollars in Millions
| |
Unaudited June 30 |
December 31 2003 |
Unaudited June 30 2003 |
| Operating Results |
|
|
|
| Total Revenue |
$87 |
$50 |
$27 |
| Operating Expenses |
10 |
28 |
13 |
| Provision for losses |
(3) |
(33) |
(10) |
| Expenses for goodwill settlements and litigation |
(5) |
15 |
(19) |
| Comprehensive Income |
$32 |
$51 |
$51 |
| |
|
|
|
| Financial Condition |
|
|
|
| Cash and cash equivalents |
$3,379 |
$3,278 |
$3,260 |
| Receivables from thrift resolutions and other assets, net |
92 |
109 |
112 |
| Investment in Securitization-Related Assets |
24 |
90 |
95 |
| Accumulated Deficit, net |
(122,890) |
(122,922) |
(122,922) |
| Resolution Equity |
$3,488 |
$3,456 |
$3,456 |
| FRF Assets in Liquidation |
| |
Dollars |
Percentage |
| Securities |
63 |
56 |
| Loans to subsidiaries |
25 |
22 |
| Net investments in subsidiaries |
21 |
19 |
| Other |
3 |
3 |
|
