301 Moved Permanently
301 Moved Permanently
openresty
 |
Selected
Financial Data - First Quarter
2012
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
Unaudited Mar-12 |
Audited Dec-11 |
Quarterly Change |
Unaudited
Mar-11 |
Year-Over-Year Change |
Cash and cash equivalents |
$3,579 |
$3,533 |
$46 |
$3,548 |
$31 |
| Accumulated deficit |
(124,281) |
(124,281) |
- |
(124,224) |
(57) |
| Total resolution equity |
3,595 |
3,595 |
- |
3,568 |
27 |
| Total revenue |
1 |
5 |
|
2 |
(1) |
| Operating expenses |
1 |
5 |
|
2 |
(1) |
| Goodwill litigation expenses |
- |
83 |
|
- |
- |
| Payment/Recovery of tax benefits |
- |
(18) |
|
- |
- |
| Net Income (Loss) |
$- |
($56) |
|
$- |
$- |
| Receivership
Selected Statistics March 2012 vs. March 2011 |
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Mar-12 |
Mar-11 |
Change |
Mar-12 |
Mar-11 |
Change |
Mar-12 |
Mar-11 |
Change |
Total Receiverships |
442 |
362 |
80 |
5 |
8 |
(3) |
447 |
370 |
77 |
| Assets in Liquidation |
$21,015 |
$26,476 |
($5,461) |
$20 |
$25 |
($5) |
$21,035 |
$26,501 |
($5,466) |
| YTD Collections |
$2,592 |
$2,276 |
$316 |
$4 |
$1 |
$3 |
$2,596 |
$2,277 |
$319 |
| YTD Dividend/ Other Pymts - Cash |
$1,337 |
$3,279 |
($1,942) |
$- |
$- |
$- |
$1,337 |
$3,279 |
($1,942) |
Assets at Inception and Estimated Losses to the DIF |
Year of Failure |
Bank Failures |
Total Assets
(in billions) |
Total Estimated Losses
(in billions) |
Average Estimated Losses as a % of Average Assets |
2008* |
24 |
$62.5 |
$20.1 |
32% |
2009 |
140 |
$171.2 |
$37.1 |
22% |
2010 |
157 |
$93.2 |
$22.4 |
24% |
2011 |
92 |
$36.6 |
$8.0 |
22% |
Mar-2012 |
16 |
$4.9 |
$1.3 |
27% |
*Excludes WAMU with total assets of $299 billion and no estimated loss to the DIF. |
