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Chief Financial Officer's (CFO) Report to the Board
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Chief Financial Officer's (CFO) Report to the Board Home
Executive Summary

   •  Summary Trends and Results
I. Corporate Fund Financial Results

   •  DIF Balance Sheet
   •  DIF Income Statement
   •  DIF Statements of Cash Flows
   •  FRF Selected Financial Data
II. Investments Results & Prospective Strategies

   •  Corporate Investment Portfolio Summary
   •  Approved Investment Strategies
III. Budget Results

   •  Budget & Expenditures by Major Expense Categories
   •  Budget & Expenditures by Budget Component, Division & Office
Printable Version

FSLIC Resolution Fund (FRF) - Second Quarter 2008

Fund Financial Results ($ in millions)
Selected Financial Data
 
Jun-08
Mar-08
Quarterly Change
Jun-07
Year-Over-Year Change
Cash and cash equivalents $3,444 $3,415 $29 $3,716 $(272)
Accumulated deficit, net (123,811) (123,825) 14 (123,875) 64
Resolution equity 3,458 3,444 14 3,751 (293)
Total revenue $43 $23 $20 $106 $(63)
Operating expenses 2 1 1 2 0
Goodwill/Guarini litigation expenses 77 77 0 167 (90)
Net (loss)/Income $(41) $(55) $14 $(41) $0

Receivership Selected Statistics June 2008 vs. June 2007
 
DIF
FRF
ALL FUNDS
Year-to-Date ($ in millions) Jun-08 Jun-07 Change Jun-08 Jun-07 Change Jun-08 Jun-07 Change
Total Receiverships 22 24 (2) 9 15 (6) 31 39 (8)
Assets in Liquidation $2,343 $321 2,022 $34 $32 2 $2,377 $353 2,024
Collections $221 $47 174 $4 $33 (29) $225 $80 145
Dividends Paid $232 $252 (20) $4 $1 3 $236 $253 (17)

Top Ten Bank & Thrift Failures from 1934 - 2008 by Asset Size ($ in billions)
Institution Name
Location
Date of Assistance/ Failure
Receiver
Total Assets
Estimated*/ Actual Loss
Continental Illinois N. B. & T
Chicago, IL
5/17/1984 FDIC $40.0 $1.1
First RepublicBank Corp. (41 affiliates)
Dallas, TX
7/29/1988 FDIC $32.5 $4.0
IndyMac Bank FSB*
Pasadena, CA
7/11/2008 FDIC $32.0 $8.9
American Savings & Loan Assoc.
"Stockton, CA"
9/7/1988 FSLIC $30.2 $5.4
Bank of New England Corp (3 affiliates)
Boston, MA
1/6/1991 FDIC $21.7 $0.724
MCorp (20 affiliates)
Dallas, TX
3/29/1989 FDIC $15.6 $2.8
Gilbraltar Savings (2 affiliates)
Simi Valley, CA
3/31/1989 FSLIC $15.1 $0.095
First City Bancorporation (60 affiliates)
Houston, TX
4/20/1988 FDIC $13.0 $1.1
Homefed Bank, FA
San Diego, CA
7/6/1992 RTC $12.2 $0.752
Southeast Bank, NA
Miami, FL
9/19/1991 FDIC $11.0 $0.0
Source: Historical Statistics on Banking Managing the Crisis, Failed Bank Cost Analysis Database.
 

 


Last Updated 09/15/2008 dofbusinesscenter@fdic.gov