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Financial Institution Letters

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

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.

FDIC-Insured Institutions

Suggested Routing:
Chief Executive Officer

Related Topics:
FDIC Key Indices

Letter to Stakeholders

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

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

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