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Chief Financial Officer's (CFO) Report to the Board

301 Moved Permanently

301 Moved Permanently


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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)

Quarterly DIF Cash Flows

  • 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)
     


Last Updated 12/06/2011 dofbusinesscenter@fdic.gov

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