Selected Financial Data - First Quarter 2021
Fund Financial Results ($ in millions)
| FSLIC Resolution Fund |
| |
Mar-21 |
Dec-20 |
Quarterly Change |
Mar-20 |
Year-Over-Year Change |
| Cash and cash equivalents |
$907 |
$907 |
$0 |
$926 |
($19) |
| Accumulated deficit |
(124,562) |
(124,562) |
0 |
(124,563) |
1 |
| Total resolution equity |
907 |
907 |
0 |
926 |
(19) |
| Total revenue |
0 |
4 |
|
3 |
(3) |
| Operating expenses |
0 |
0 |
|
0 |
0 |
| Recovery of tax benefits |
0 |
0 |
|
0 |
0 |
| Losses related to thrift resolutions |
0 |
0 |
|
0 |
0 |
| Net Income (Loss) |
$0 |
$4 |
|
$3 |
($3) |
Receivership Selected Statistics March 2021 vs. March 2020
| $ in millions |
DIF |
FRF |
ALL FUNDS |
| |
Mar 21 |
Mar 20 |
Change |
Mar 21 |
Mar 20 |
Change |
Mar 21 |
Mar 20 |
Change |
| Total Receiverships |
229 |
245 |
(16) |
0 |
0 |
0 |
229 |
245 |
(16) |
| Assets in Liquidation |
$273 |
$546 |
($273) |
$0 |
$1 |
($1) |
$273 |
$547 |
($274) |
| YTD Collections |
$62 |
$87 |
($25) |
$1 |
$0 |
$1 |
$63 |
$87 |
($24) |
| YTD Dividend/Other Pmts - Cash |
$192 |
$189 |
3 |
$0 |
$0 |
$0 |
$192 |
$189 |
$3 |
Receivership-related assets in liquidation as of 3/31/21 (dollars in millions)
| |
Imperial Capital Bank |
Franklin Bank |
All Other |
| Dollars |
$106 |
$94 |
$73 |
| Percentage |
39% |
34% |
27% |
Of the receivership-related assets in liquidation of $273 million as of March 31, 2021, 66 percent are concentrated in two receiverships. For these two receiverships, the assets primarily consist of interests in receivership-originated structured transactions which are expected to liquidate by 2022.
