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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank



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

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I. Corporate Fund Financial Results - Fourth Quarter 2010

Deposit Insurance Fund (DIF)

  • For 2010, the DIF’s comprehensive income was $13.5 billion compared to a comprehensive loss of $38.1 billion during 2009.  This year-over-year change of $51.6 billion was primarily due to a $58.6 billion decline in the provision for insurance losses partially offset by a $4.1 billion decrease in assessments earned (which is largely attributable to the 2009 special assessment). 
  • The provision for insurance losses was negative $848 million for 2010, compared to a positive $57.7 billion for 2009.  The 2009 provision reflected the significant losses estimated to be incurred by the DIF from the 2009 and future failures.  In contrast, the 2010 negative provision is primarily impacted by a reduction in the contingent loss reserve due to the improvement in the financial condition of institutions that were previously identified to fail and adjustments to the estimated losses for banks that have failed.

FSLIC Resolution Fund Fund (FRF)

  • In December 2010, the FDIC, as manager of the FRF, received $5.6 million in tax benefit recoveries under the terms of an assistance agreement with the former FSLIC.


Last Updated 12/13/2010 dofbusinesscenter@fdic.gov

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