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Tiết kiệm tài chính Hiệp hội Báo cáo của Quỹ Bảo hiểm Tiếp xúc với Bảo hiểm tiền gửi ngày 31 tháng 12 năm 1999-Balance tờ, tiền gửi được bảo hiểm bởi các SAIF tổng cộng khoảng $ 711.000.000.000. Điều này sẽ là mất mát kế toán nếu tất cả các tổ chức lưu ký bị lỗi và các tài sản có được cung cấp không hồi phục. | Savings Association Insurance Fund s Financial Statements Off-Balance-Sheet Exposure Deposit Insurance ỈSS of December 31 1999 deposits insured by the SAIF totaled approximately 711 billion. This would be the accounting loss if all depository institutions were to fail and the acquired assets provided no recoveries. Asset Putbacks Upon resolution of a failed thrift the assets are placed into receivership and may be sold to an acquirer under an agreement that certain assets may be resold or putback to the receivership. The values and time limits for these assets to be putback are defined within each agreement. It is possible that the SAIF could be called upon to fund the purchase of any or all of the unexpired putbacks at any time prior to expiration. The FDIC s estimate of the volume of assets subject to repurchase under the existing agreements is 40.1 million. The actual amount subject to repurchase should be significantly lower because the estimate does not reflect subsequent collections on or sales of assets kept by the acquirer. It also does not reflect any decrease due to acts by the acquirers which might disqualify assets from repurchase eligibility. Repurchase eligibility is determined by the FDIC when the acquirer initiates the asset putback procedures. The FDIC projects that a total of 443 thousand in book value of assets will be putback. 11. Disclosures About the Fair Value of Financial Instruments Cash equivalents are short-term highly liquid investments and are shown at current value. The fair market value of the investment in U.S. Treasury obligations is disclosed in Notes 3 and 4 and is based on current market prices. The carrying amount of interest receivable on investments short-term receivables and accounts payable and other liabilities approximates their fair market value. This is due to their short maturities or comparisons with current interest rates. As explained in Note 3 entrance and exit fees receivables are net of discounts calculated using
