301 Moved Permanently
301 Moved Permanently
openresty
 |
Selected
Financial Data - Second Quarter
2015
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
|
Unaudited Mar-15 |
Quarterly Change |
Unaudited Jun-14 |
Year-Over-Year Change |
Cash and cash equivalents |
$872 |
$872 |
- |
$872 |
- |
| Accumulated deficit |
(124,523) |
(124,460) |
(63) |
(124,460) |
(63) |
| Total resolution equity |
872 |
872 |
- |
873 |
(1) |
| Total revenue |
2 |
1 |
|
1 |
1 |
| Operating expenses |
1 |
- |
|
1 |
- |
| Provision for losses |
- |
- |
|
(1) |
1 |
| Goodwill litigation expenses |
63 |
- |
|
- |
63 |
| Net Income (Loss) |
($63) |
$1 |
|
$1 |
($64) |
| Receivership
Selected Statistics June 2015 vs. June 2014 |
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Jun-15 |
Jun-14 |
Change |
Jun-15 |
Jun-14 |
Change |
Jun-15 |
Jun-14 |
Change |
Total Receiverships |
480 |
489 |
(9) |
- |
- |
- |
480 |
489 |
(9) |
| Assets in Liquidation |
$6,337 |
$9,168 |
($2,831) |
$5 |
$5 |
$- |
$6,342 |
$9,173 |
($2,831) |
| YTD Collections |
$2,001 |
$2,698 |
($697) |
$2 |
$2 |
$- |
$2,003 |
$2,700 |
($697) |
| YTD Dividend/ Other Pymts - Cash |
$4,708 |
$2,897 |
$1,811 |
$- |
$- |
$- |
$4,708 |
$2,897 |
$1,811 |
Quarterly Assessment Collections September 2013 through June 2015 ($in Miilions) |
| |
Dollars |
| Sep-13 |
$2,542 |
| Dec-13 |
$2,389 |
| Mar-14 |
$2,355 |
| Jun-14 |
$2,286 |
| Sep-14 |
$2,141 |
| Dec-14 |
$2,100 |
| Mar-15 |
$2,133 |
| Jun-15 |
$2,202 |
Assessment collections decreased consecutively for six quarters from $2.5 billion to $2.1 billion, beginning in September 2013 to December 2014. This steady decline was attributable to declining assessment rates that resulted from the improved condition of insured institutions. For the first two quarters in 2015, assessment collections increased from $2.1 billion to $2.2 billion. This increase is the result of stabilizing assessment rates and an increase in the assessment base for insured institutions.
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