|
|
Selected
Financial Data - Third Quarter
2015
| Fund Financial Results |
($
in millions) |
| FSLIC
Resolution Fund |
| |
Unaudited
Sep-15
|
Unaudited Jun-15 |
Quarterly Change |
Unaudited
Sep-14 |
Year-Over-Year Change |
Cash and cash equivalents |
$872 |
$872 |
- |
$871 |
1 |
| Accumulated deficit |
(124,642) |
(124,523) |
(119) |
(124,461) |
(181) |
| Total resolution equity |
872 |
872 |
- |
872 |
- |
| Total revenue |
2 |
2 |
- |
1 |
1 |
| Operating expenses |
2 |
1 |
1 |
1 |
1 |
| Provision for losses |
- |
- |
- |
(1) |
1 |
| Goodwill litigation expenses |
182 |
63 |
119 |
- |
182 |
| Net Income (Loss) |
($182) |
($63) |
(119) |
$- |
($182) |
| Receivership
Selected Statistics September 2015 vs. September 2014 |
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Sep-15 |
Sep-14 |
Change |
Sep-15 |
Sep-14 |
Change |
Sep-15 |
Sep-14 |
Change |
Total Receiverships |
470 |
487 |
(17) |
- |
- |
- |
470 |
487 |
(17) |
| Assets in Liquidation |
$5,447 |
$8,336 |
($2,889) |
$5 |
$5 |
$- |
$5,452 |
$8,341 |
($2,889) |
| YTD Collections |
$2,511 |
$4,036 |
($1,525) |
$2 |
$2 |
$- |
$2,513 |
$4,038 |
($1,525) |
| YTD Dividend/ Other Pymts - Cash |
$5,388 |
$3,311 |
$2,077 |
$- |
$- |
$- |
$5,388 |
$3,311 |
$2,077 |
Disposition of Assets at Receivership Inception* (January 1, 2008 to September 30, 2015) (Dollars in billions) |
| |
Dollars |
Percentage |
| Covered Assets Under Shared-Loss Agreements |
$216 |
56% |
| Retained by Receiverships |
$79 |
20% |
| Assets Passed to Acquirer at Inception (excluding assets covered under Shared-Loss) |
$95 |
24% |
Covered assets at September 30, 2015 = $36 billion
Assets remaining with receiverships at September 30, 2015 = $5 billion
Total assets resoved $390 billion (from 512 receiverships)
*Excludes WAMU with total assets of $299 billion and zero estimated losses to the DIF.
|
