Chief Financial Officer's (CFO) Report to the Board
Selected Financial Data - Fourth Quarter 2016
| Fund Financial Results | ($ in millions) |
| FSLIC Resolution Fund | |||||
Dec-16 |
Sep-16 |
Quarterly Change |
Dec-15 |
Year-Over-Year Change |
Cash and cash equivalents | $874 | $873 | $1 | $871 | $3 |
| Accumulated deficit | (124,611) | (124,616) | 5 | (124,618) | 7 |
| Total resolution equity | 878 | 873 | 5 | 871 | 7 |
| Total revenue | 5 | 4 | 1 | 3 | 2 |
| Operating expenses | 3 | 3 | - | 3 | - |
| Losses related to thrift resolutions | (1) | (1) | - | - | (1) |
| Other expenses | - | - | - | - | - |
| Goodwill litigation expenses | - | - | - | 157 | (157) |
| Net Income (Loss) | $7 | $2 | 5 | $(157) | $164 |
| Receivership Selected Statistics December 2016 vs. December 2015 |
| $ in millions | DIF |
FRF |
ALL FUNDS |
||||||
| Dec-16 | Dec-15 | Change | Dec-16 | Dec-15 | Change | Dec-16 | Dec-15 | Change | Total Receiverships | 378 | 446 | (68) | 0 | 0 | 0 | 378 | 446 | (68) |
| Assets in Liquidation | $3,315 | $4,408 | ($1,487) | $2 | $5 | (3) | $3,317 | $4,807 | ($1,490) |
| YTD Collections | $1,757 | $3,421 | ($1,664) | $2 | $3 | ($1) | $1,759 | $3,424 | ($1,665) |
| YTD Dividend/ Other Pymts - Cash | $3,601 | $6,324 | ($2,723) | $0 | $0 | $0 | $3,601 | $6,324 | ($2,723) |
Comprehensive Income for the Years 2012 through 2016 |
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| Years | Assessments | Operating Expenses | Negative Provision for Insurance Losses |
TLGP Revenue | Comprehensive Income |
| 2012 | $12.4 | ($1.8) | $4.2 | $5.9 | $21.1 |
| 2013 | $9.7 | ($1.6) | $5.7 | $0.0 | $14.2 |
| 2014 | $8.7 | ($1.7) | $8.3 | $0.0 | $15.6 |
| 2015 | $8.8 | ($1.7) | $2.3 | $0.0 | $9.8 |
| 2016 | $10.0 | ($1.7) | $1.6 | $0.0 | $10.6 |