301 Moved Permanently
301 Moved Permanently
openresty
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Selected
Financial Data - Third Quarter
2011
Fund Financial Results |
($
in millions) |
FSLIC
Resolution Fund |
|
Unaudited Sep-11 |
Unaudited
Jun-11 |
Quarterly Change |
Unaudited
Sep-10 |
Year-Over-Year Change |
Cash and cash equivalents |
$3,528 |
$3,525 |
$3 |
$3,541 |
($13) |
Accumulated deficit |
(124,275) |
(124,278) |
3 |
(124,288) |
13 |
Total resolution equity |
3,551 |
3,548 |
3 |
3,560 |
(9) |
Total revenue |
6 |
3 |
3 |
11 |
(5) |
Operating expenses |
3 |
2 |
1 |
3 |
- |
Goodwill litigation expenses |
33 |
33 |
- |
2 |
31 |
Payment/Recovery of tax benefits |
26 |
26 |
- |
(58) |
84 |
Net Income (Loss) gain |
($51) |
($54) |
$3 |
$60 |
($111) |
Receivership
Selected Statistics September 2011 vs. September 2010 |
|
DIF |
FRF |
ALL FUNDS |
|
Sep-11 |
Sep-10 |
Change |
Sep-11 |
Sep-10 |
Change |
Sep-11 |
Sep-10 |
Change |
Total Receiverships |
409 |
306 |
103 |
7 |
8 |
(1) |
416 |
314 |
102 |
Assets in Liquidation |
$22,379 |
$34,882 |
($12,503) |
$22 |
$28 |
($6) |
$22,401 |
$34,910 |
($12,509) |
YTD Collections |
$9,869 |
$15,821 |
($5,952) |
$8 |
$13 |
($5) |
$9,877 |
$15,834 |
($5,957) |
YTD Dividend or other Pmts - Cash |
$7,389 |
$8,597 |
($1,208) |
$- |
$- |
$- |
$7,389 |
$8,597 |
($1,208) |
- For the past five quarters,
the DIF's liquidity decreased by $0.9 B (cash inflows of $18.2 B
and cash outflows of $19.1 B).
- Cash inflows consist of gross
dividends, interest revenue,
and assessments. Cash
outflows consist of resolution
related outlays and operating
expenses.
- On average resolution related
outlays comprised 89% of all
DIF cash outflows. These outlays include initial wires to
acquirers, initial wire payments
to receiverships, payoffs of
brokered deposits, shared-loss payments to receiverships, and
deposit payouts.
Quarterly DIF Cash Flows ($
in millions) |
|
Cash Inflows |
Cash Outflows |
Net Cash Flow |
3rd Qtr 2010 |
$4,726 |
($5,069) |
$343 |
4th Qtr 2010 |
$5,282 |
($2,727) |
$2,555 |
1st Qtr 2011 |
$3,574 |
($4,221) |
($647) |
2nd Qtr 2011 |
$2,477 |
($2,914) |
($437) |
3rd Qtr 2011 |
$2,093 |
($4,133) |
($2,040) |
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