|
|
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 |
$2,665 |
Bank Failures Average Total Assets and Estimated Losses by Year of Failure ($ 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. |