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Chief Financial Officer's (CFO) Report to the Board

301 Moved Permanently

301 Moved Permanently


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Selected Financial Data - First Quarter 2014

Fund Financial Results ($ in millions)
FSLIC Resolution Fund
 

Unaudited
Mar-14

Audited Dec-13
Quarterly Change
Unaudited Mar-13
Year-Over-Year Change
Cash and cash equivalents $872 $872 $- $3,594 ($2,722)
Accumulated deficit (124,460) (124,460) - (124,459) (1)
Total resolution equity 873 872 1 3,598 (2,725)
Total revenue - 3   1 (1)
Operating expenses - 2   1 (1)
Goodwill litigation expenses - 1   - -
Payment/Recovery of tax benefits (1) (1)   (2) 1
Net Income (Loss) $1 ($1)   $1 $-

Receivership Selected Statistics March 2014 vs. March 2013
$ in millions
DIF
FRF
ALL FUNDS
  Mar-14 Mar-13 Change Mar-14 Mar-13 Change Mar-14 Mar-13 Change
Total Receiverships 484 467 17 1 3 (2) 485 470 15
Assets in Liquidation $10,246 $15,498 ($5,252) $5 $6 ($1) $10,251 $15,504 ($5,253)
YTD Collections $1,157 $2,367 ($1,210) $1 $2 ($1) $1,158 $2,369 ($1,211)
YTD Dividend/ Other Pymts - Cash $1,078 $768 $310 $- $- $- $1,078 $768 $310

Investment Portfolio Performance

Investment Portfolio Performance (as of March 31, 2014)
Year Weighted Average Maturity (in years)
Yield-to-Maturity
2010
0.16
0.40%
2011
0.64
0.41%
2012
0.68
0.45%
2013
1.41
0.45%
3/2014
1.66
0.56%

Beginning in 2013, the increase in the DIF portfolio's yield has been largely attributable to investing in longer-maturity securities coupled with a steeper yield curve environment. The portfolio's yield increased substantially by 20 basis points over the 15-month period between December 31, 2012 and March 31, 2014.

 

 

     


Last Updated 06/10/2014 dofbusinesscenter@fdic.gov

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