Chief Financial Officer's (CFO) Report to the Board
Selected Financial Data - Fourth Quarter 2017
Fund Financial Results | ($ in millions) |
FSLIC Resolution Fund | |||||
Dec-17 |
Sep -17 |
Quarterly Change |
Dec -16 |
Year-Over-Year Change |
Cash and cash equivalents | $885 | $883 | $2 | $874 | $11 |
Accumulated deficit | (124,604) | (124,606) | 2 | (124,611) | 7 |
Total resolution equity | 886 | 884 | 2 | 878 | 8 |
Total revenue | 8 | 5 | 3 | 5 | 3 |
Operating expenses | 1 | 0 | 1 | 3 | (2) |
Losses related to thrift resolutions | 0 | 0 | 0 | (1) | 1 |
Net Income (Loss) | $7 | $5 | 2 | 7 | $0 |
Receivership Selected Statistics December 2017 vs. December 2016 |
$ in millions | DIF |
FRF |
ALL FUNDS |
||||||
Dec-17 | Dec-16 | Change | Dec-17 | Dec-16 | Change | Dec-17 | Dec-16 | Change | Total Receiverships | 338 | 378 | (40) | - | - | - | 338 | 378 | (40) |
Assets in Liquidation | $2,269 | $3,315 | ($1,046) | $2 | $2 | - | $2,271 | $3,317 | ($1,046) |
YTD Collections | $2,762 | $1,757 | $1,005 | $1 | $2 | ($1) | $2,763 | $1,759 | $1,004 |
YTD Dividend/ Other Pymts - Cash | $3,957 | $3,601 | $356 | - | - | - | $3,957 | $3,601 | $356 |
DIF's portfolio Performance Compared to U.S. Treasury Benchmark (year-to-date return) |
|||
DIF | Merrill Lynch 0-2 year UST | Variance (basis points) | |
December 2013 | 0.197 | 0.280 | -8 bps |
December 2014 | 0.686 | 0.457 | 23 bps |
December 2015 | 0.611 | 0.426 | 19 bps |
December 2016 | 1.095 | 0.784 | 31 bps |
December 2017 | 0.746 | 0.552 | 19 bps |