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Financial Reports

Selected Financial Data

Selected Financial Data - Fourth Quarter 2021

Fund Financial Results ($ in millions)
FSLIC Resolution Fund
Dec-21 Sep-21 Quarterly Change Dec-20 Year-Over-Year Change
Cash and cash equivalents $908 $908 $0 $907 $1
Accumulated deficit

(124,562)

(124,562)

0

(124,562)

0

Total resolution equity

908

908

0

907

1

Total revenue

0

0

0

4

(4)

Operating expenses

0

0

0

0

0

Recovery of tax benefits

0

0

0

0

0

Losses related to thrift resolutions

0

0

0

0

0

Net Income (Loss)

$0

$0

$0

$4

($4)


Receivership Selected Statistics December 2021 vs. December 2020
$ in millions DIF FRF ALL FUNDS
  Dec 21 Dec 20 Change Dec 21 Dec 20 Change Dec 21 Dec 20 Change
Total Receiverships 191 234 (43) 0 0 0 191 234 (43)
Assets in Liquidation

$92

$282

($190)

$ 0

$ 1

($1)

$92

$283

($191)

YTD Collections

$514

$512

$2

$1

$1

$ 0

$515

$513

$2

YTD Dividend/Other Pmts - Cash

$586

$1,433

($847)

$ 0

$ 0

$ 0

$586

$1,433

($847)


Coverage Ratio (dollars in millions)
Coverage Ratio (dollars in millions)
  1Q2020  2Q2020 3Q202 4Q2020 1Q2021 2Q2021 3Q2021 4Q2021
Coverage Ratio 110% 104% 98% 91% 63% 58% 55% 52%
Interest on UST securities 507 961 1,353 1,683 284 535 756 953
Operating Expenses 460 925 1,376 1,846 454 920 1,368 1,843
Interest income, and subsequently the Coverage Ratio, continued to trend down for 2021, as reinvestments for maturing securities contined at lower rates than the initial security purchases. The Federal Reserve is poised to raise rates in 2022, which should quickly bump the interest earned in the overnights; however, given the longer duration of the securities portfolio, the Coverage Ratio will be slower to recover.

Last Updated: March 29, 2022