|
|
Selected
Financial Data - First Quarter 2009
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
Unaudited Mar-09 |
Audited Dec-08 |
Quarterly Change |
Unadited Mar-08 |
Year-Over-Year Change |
| Cash and cash equivalents |
$3,467 |
$3,467 |
$0 |
$3,415 |
$52 |
| Accumulated deficit, net |
(123,944) |
(123,948) |
4 |
(123,825) |
(119) |
| Resolution equity |
3,498 |
3,494 |
4 |
3,444 |
54 |
| Total revenue |
$5 |
$63 |
|
$23 |
($18) |
| Operating expenses |
1 |
3 |
|
1 |
0 |
| Goodwill/Guarini litigation expenses |
0 |
254 |
|
77 |
(77) |
| Net Income/(Loss) |
$4 |
$(178) |
|
($55) |
$59 |
| Receivership
Selected Statistics March 2009 vs. March 2008 |
| |
DIF |
FRF |
ALL FUNDS |
| Year-to-Date ($ in millions) |
Mar-09 |
Mar-08 |
Change |
Mar-09 |
Mar-08 |
Change |
Mar-09 |
Mar-08 |
Change |
| Total Receiverships |
61 |
23 |
38 |
8 |
11 |
(3) |
69 |
34 |
35 |
| Assets in Liquidation |
$16,061 |
$821 |
15,240 |
$34 |
$32 |
2 |
$16,095 |
$853 |
15,242 |
| Collections |
$1,614 |
$48 |
1,566 |
$4 |
$1 |
3 |
$1,618 |
$49 |
1,569 |
| Dividends Paid |
$3,838 |
$58 |
3,780 |
$0 |
$1 |
(1) |
$3,838 |
$59 |
3,779 |
DIF
Receivership Assets-in-Liquidation by Asset Type as of March 31,
2009 |
| Asset Type |
$
in million |
Percentage |
| Real
Estate Mortages |
8,845 |
55.2 |
| Other
Assets/Judgements |
822 |
5.1 |
| Owned
Assets |
1,101 |
6.9 |
| Net
Invstmts in Subs |
42 |
0.3 |
| Securities |
3,011 |
18.8 |
| Consumer
Loans |
332 |
2.1 |
| Comerical
Loans |
1,862 |
11.6 |
|
