FSLIC RESOLUTION FUND (FRF)
| (Dollars in Thousands) | 2018 | 2017 |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $ 901,562 | $ 885,380 |
| Other assets, net | 746 | 497 |
| Total Assets | $ 902,308 | $ 885,877 |
| LIABILITIES | ||
| Accounts payable and other liabilities | $ 9 | $ 92 |
| Total Liabilities | 9 | 92 |
| RESOLUTION EQUITY (NOTE 5) | ||
| Contributed capital | 125,489,317 | 125,489,317 |
| Accumulated deficit | (124,587,018) | (124,603,532) |
| Total Resolution Equity | 902,299 | 885,785 |
| Total Liabilities and Resolution Equity | 902,308 | 885,877 |
The accompanying notes are an integral part of these financial statements.
| (Dollars in Thousands) | 2018 | 2017 |
|---|---|---|
| REVENUE | ||
| Interest on U.S. Treasury securities | $ 15,818 | $ 7,065 |
| Other revenue | 808 | 764 |
| Total Revenue | 16,626 | 7,829 |
| EXPENSES AND LOSSES | ||
| Operating expenses | 425 | 562 |
| Losses related to thrift resolutions (Note 6) | (313) | 21 |
| Total Expenses and Losses | 112 | 583 |
| Net Income | 16,514 | 7,246 |
| Accumulated Deficit - Beginning | (124,603,532) | (124,610,778) |
| Accumulated Deficit - Ending | $ (124,587,018) | $ (124,603,532) |
The accompanying notes are an integral part of these financial statements.
| (Dollars in Thousands) | 2018 | 2017 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Provided by: | ||
| Interest on U.S. Treasury securities | $ 15,818 | $ 7,065 |
| Recovery of tax benefits | 0 | 3,750 |
| Recoveries from thrift resolutions | 832 | 1,001 |
| Miscellaneous receipts | 3 | 4 |
| Used by: | ||
| Operating expenses | (452) | (555) |
| Miscellaneous disbursements | (19) | (59) |
| Net Cash Provided by Operating Activities | 16,182 | 11,206 |
| Net Increase in Cash and Cash Equivalents | 16,182 | 11,206 |
| Cash and Cash Equivalents - Beginning | 885,380 | 874,174 |
| Cash and Cash Equivalents - Ending | $ 901,562 | $ 885,380 |
The accompanying notes are an integral part of these financial statements.