|
|
FSLIC Resolution Fund, Condensed Financial Statements
March 2004
Dollars in Millions
|
Unaudited
March 31 2004 |
December 31 2003 |
Unaudited March 31
2003 |
|
|
Operating Results |
|
|
|
|
Total Revenue |
$76 |
$50 |
$10 |
|
Operating Expenses |
2 |
28 |
4 |
|
Provision for losses |
2 |
(58) |
(14) |
|
Expenses for goodwill settlements and litigation |
(6) |
15 |
0 |
|
Comprehensive Income |
$26 |
$51 |
$20 |
|
|
|
|
|
| Financial
Condition |
|
|
|
| Cash and cash
equivalents |
3,359 |
3,278 |
3,269 |
|
Receivables from thrift resolutions and other assets, net |
103 |
109 |
124 |
|
Investment in Securitization-Related Assets |
25 |
90 |
95 |
|
Accumulated Deficit, net |
(122,896) |
(122,922) |
(122,953) |
|
Resolution Equity |
3,482 |
3,456 |
3,475 |
FRF Assets
in Liquidation
| |
Dollars |
Percentage |
Securities |
65 |
55 |
Loans to
subsidiaries |
26 |
21 |
Net investments in
subsidiaries |
21 |
17 |
Other |
9 |
7 |
|
|
|
|
