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Financial Institution Letters

Letter to Stakeholders
First Quarter 2008 Edition of FDIC'S Letter to Stakeholders
FIL-36-2008
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

Related Topics:
FDIC Key Indices

Attachment:
Letter to Stakeholders

Contact:
Senior Accountant Karen Flynn at kflynn@fdic.gov
or (703) 562-6188

Printable Format:
FIL-36-2008 (PDF Help)

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




Last Updated 5/1/2008 communications@fdic.gov