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Letter to Stakeholders First Quarter 2008 Edition of FDIC'S Letter to Stakeholders

Publications
May 1, 2008
Summary: The FDIC has issued the attached Letter to Stakeholders from FDIC Chairman Sheila Bair, which reports on the FDIC's activities and accomplishments during the first quarter of 2008.


 

Highlights: 
Among the significant activities and accomplishments reported in this edition of the FDIC's Letter to Stakeholders are the following:

  • The FDIC received its sixteenth consecutive set of unqualified audit opinions on the financial statements for the Deposit Insurance Fund (DIF) and the FSLIC Resolution Fund.
  • The DIF earned assessment income of $643 million in 2007. The FDIC estimates assessment income earned of $448 million in the first quarter of 2008.
  • During the first quarter of 2008, DIF's contingent liability for anticipated failures increased by $459 million to $583 million at quarter end.
  • The FDIC's Advisory Committee on Economic Inclusion convened to discuss asset-building opportunities for individuals and banks.
  • The FDIC issued a Financial Institution Letter on Managing Commercial Real Estate Concentrations in a Challenging Environment (FIL-22-2008).

Your feedback to the Letter to Stakeholders is encouraged, as are suggestions for improvement. For more information, visit the FDIC's Web site at www.fdic.gov .

 

Distribution: 
FDIC-Insured Institutions

Suggested Routing: 
Chief Executive Officer

Note: 
FDIC financial institution letters (FILs) may be accessed from the FDIC's Web site at www.fdic.gov/news/financial-institution-letters/2008/index.html .

To receive FILs electronically, please visit http://www.fdic.gov/about/subscriptions/fil.html .

Paper copies of FDIC financial institution letters may be obtained through the FDIC's Public Information Center, 3501 Fairfax Drive, E-1002, Arlington, VA 22226 (1-877-275-3342 or 703-562- 2200).

 



 

Additional Related Topics:

  • FDIC Key Indices
  • Letter to Stakeholders
Attachment(s)

Last Updated: May 1, 2008