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)

	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.