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

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Selected Financial Data - Fourth Quarter 2010

Fund Financial Results ($ in millions)
FSLIC Resolution Fund
 
Unaudited 12/31/2010
Unaudited 9/30/2010
Quarterly Change
Audited 12/31/2009
Year-Over-Year Change
Cash and cash equivalents $3,548 $3,541 $7 $3,470 $78
Accumulated deficit, net (124,224) (124,233) 9 (124,348) 124
Resolution equity 3,568 3,560 8 3,499 69
Total revenue 13 11 2 8 5
Operating expenses 4 3 1 5 (1)
Goodwill litigation expenses (53) 2 (55) 409 (462)
Recovery of tax benefits (63) (58) (5) (10) (53)
Net Income/(Loss) $124 $60 $64 ($400) $524

Receivership Selected Statistics December 2010 vs. December 2009
 
DIF
FRF
ALL FUNDS
($ in millions) Dec-10 Dec-09 Change Dec-10 Dec-09 Change Dec-10 Dec-09 Change
Total Receiverships 336 179 157 8 8 - 344 187 157
YTD - Assets in Liquidation $26,974 $41,325 ($14,351) $25 $31 ($6) $26,999 $41,356 ($14,357)
YTD - Collections $25,456 $10,301 $15,155 $17 $9 $8 $25,473 $10,310 $15,163
YTD - Dividends Paid - Cash $7,363 $4,698 $2,665 $- $- $- $7,363 $4,698 $2,665


Bank Failures Average Total Assets and Estimated Losses by Year of Failure

Bank Failures Average Total Assets and Estimated Losses by Year of Failure ($ in millions)
Year of Failures
Bank Failures
Total Assets $ in millions
Total Estimated Losses $ in millions
2008* 24 $62,545
$19,604
2009 140 $171,220 $37,122
2010 157 $93,218 $24,180

*Excludes WAMU with total assets of $299 billion and zero losses.

     


Last Updated 03/02/2011 dofbusinesscenter@fdic.gov

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