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FSLIC
Resolution Fund (FRF) -
First Quarter 2008
Fund Financial Results |
($
in millions) |
Statement
of Cash Flows |
|
Jun-08 |
Mar-08 |
Quarterly Change |
Jun-07 |
Year-Over-Year Change |
Cash and cash equivalents |
$3,444 |
$3,415 |
$29 |
$3,716 |
$(272) |
Accumulated deficit, net |
(123,811) |
(123,825) |
14 |
(123,875) |
64 |
Resolution equity |
3,458 |
3,444 |
14 |
3,751 |
(293) |
Total revenue |
$43 |
$23 |
$20 |
$106 |
$(63) |
Operating expenses |
2 |
1 |
1 |
2 |
0 |
Goodwill/Guarini litigation expenses |
77 |
77 |
0 |
167 |
(90) |
Net (loss)/Income |
$(41) |
$(55) |
$14 |
$(41) |
$0 |
|