Selected Financial Data - First Quarter 2023
Fund Financial Results ($ in millions)
| FSLIC Resolution Fund |
| |
Mar-22 |
Dec-22 |
Quarterly Change |
Mar-22 |
Year-Over-Year Change |
| Cash and cash equivalents |
$932 |
$922 |
$10 |
$908 |
$24 |
| Accumulated deficit |
(124,537) |
(124,547) |
10 |
(124,562) |
25 |
| Total resolution equity |
933 |
922 |
11 |
908 |
25 |
| Total revenue |
10 |
15 |
|
0 |
10 |
| Operating expenses |
0 |
0 |
|
0 |
0 |
| Losses related to thrift resolutions |
0 |
0 |
|
0 |
0 |
| Net Income (Loss) |
$10 |
$15 |
|
$0 |
$10 |
Receivership Selected Statistics March 2023 vs. March 2022
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Mar 23 |
Mar 22 |
Change |
Mar 23 |
Mar 22 |
Change |
Mar 23 |
Mar 22 |
Change |
| Total Receiverships |
127 |
188 |
(61) |
0 |
0 |
0 |
127 |
188 |
(61) |
| Assets in Liquidation |
$27,7411 |
$86 |
$27,655 |
$0 |
$0 |
$0 |
$27,741 |
$86 |
$27,655 |
| YTD Collections |
$14 |
$34 |
($20) |
$0 |
$0 |
($1) |
$14 |
$34 |
($20) |
| YTD Dividend/Other Pmts - Cash |
$40,039 |
$103 |
$39,936 |
$0 |
$0 |
$0 |
$40,039 |
$103 |
$39,936 |
1Does not incluede all of the assets retained by the SVB and Signature Bank receiverships until further analysis can be completed on various asset types.
Assessment Revenue
| |
2Q2022 |
3Q2022 |
4Q2022 |
1Q2023 |
| Net Quarterly Assessment Revenue |
$2.01 |
$2.08 |
$2.10 |
$3.19 |
| Effective Assessment Rate (bps) |
3.848 |
3.976 |
4.008 |
6.020 |
| Assessment Base |
$20,927 |
$20,919 |
$20,977 |
$21,187 |
| 1 4Q2022 represents estimates rather than actual |
1Q23 assessment revenue rose by $1.1b due to a 2 basis point increase in assessmet rates as mandated by the amended restoration plan.
