I. Corporate Fund Financial Results - First Quarter 2015

Deposit Insurance Fund (DIF)

• For the three months ending March 31, 2015, the DIF’s comprehensive income totaled $2.5 billion compared to comprehensive income of $1.7 billion for the same period last year.  This $814 million increase was mostly due to a $774 million year-to-year decrease in provision for insurance losses (negative $426 million for the first quarter 2015 vs. $348 million for the same period in 2014) and a $206 million increase in the unrealized gain on U.S. Treasury investments, partially offset by a $204 million decrease in assessment revenue.

• The provision for insurance losses was a negative $426 million for the first quarter of 2015.  The negative provision primarily resulted from a $640 million decrease in the estimated losses for institutions that failed in current and prior years, partially offset by a $220 million increase in the estimated losses for future failures.

Assessments

• During March, the DIF recognized a total of $2.2 billion in assessment revenue. Of this amount, the estimate for first quarter 2015 insurance coverage totaled $2.1 billion. Additionally, the DIF recognized a net adjustment of $138 million that increased assessment revenue. This adjustment consisted of a $9 million increase from prior period amendments and a $129 million increase to the estimate for fourth quarter 2014 insurance coverage recorded at December 31, 2014. The latter adjustment was primarily due to higher than estimated rates and higher than estimated assessment base.

• On March 30, 2015, the FDIC collected $2.1 billion in DIF assessments for fourth quarter 2014 insurance coverage.