Highlights:
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.
Distribution:
FDIC-Insured Institutions
Suggested Routing:
Chief Executive Officer
Related Topics:
FDIC Key Indices
Attachment:
Letter to Stakeholders
Contact:
Senior Accountant Karen Flynn at kflynn@fdic.gov
or (703) 562-6188
Printable Format:
FIL-36-2008 (PDF Help)
Note:
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).
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