Financial Audit: 2010 and 2009 Financial Statements
DIANE Publishing, Jun 1, 2011 - 59 pages
The FDIC plays an important role in maintaining public confidence in the nation's financial system. FDIC administers the Deposit Insur. Fund (DIF), which protects bank and savings deposits, and the Fed. Savings and Loan Insur. Corp. Resolution Fund (FRF), which was created to close out the bus. of the former FSLIC. An annual audit of the financial statements of the DIF and the FRF are required. The auditor is responsible for obtaining reasonable assurance about whether FDIC's financial statements for the DIF and the FRF are presented fairly in all material respects, in conformity with U.S. generally accepted accounting principles. Charts and tables. This is a print on demand edition of an important, hard-to-find publication.
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26 Statements Deposit accepted accounting principles Accumulated Deficit allowance for loss amount assessment base assets and liabilities audit Bank billion Cash and Cash Cash Equivalents cash flows Citigroup contingent liability control over financial corporate capacity December 31 Dollars Deposit Insurance Corporation Deposit Insurance Fund Dodd-Frank Act Dollars in Thousands Ended December 31 estimated insured deposits estimated losses failed institutions Fair Value Measurements FDIC FDIC’s Federal Deposit Insurance financial reporting financial statements FRF-FSLIC FSLIC Resolution Fund Fund Balance goodwill litigation Guarantee Program insured depository institutions internal control Investment in U.S. loans loss-share agreements March 14 material weakness Note 16 Observable Inputs payments percent postretirement benefit receivables from resolutions receivables from thrift receiverships reserve ratio resolution entities Statements Deposit Insurance structured transactions subrogated Thousands 2010 thrift resolutions Tier 1 capital TLGP Total Assets transaction accounts Treasury Inflation-Protected Securities TruPs trust preferred securities U.S. generally accepted U.S. Treasury obligations