TAILIEUCHUNG - United States General Accounting Office GAO May 2000 Report to the Congress FINANCIAL AUDIT_part3

Báo cáo tài chính của Quỹ bảo hiểm ngân hàng FDICIA cũng thành lập một giới hạn về nghĩa vụ có thể được phát sinh bởi BIF, được biết đến như là giới hạn trách nhiệm tối đa (MOL). Tại ngày 31 tháng mười hai 1999, MOL cho BIF là $ 51800000000. Hoạt động Receivership FDIC chịu trách nhiệm quản lý và xử lý tài sản của các tổ chức không thành công một cách có trật tự và hiệu quả. | Bank Insurance Fund s Financial Statements The FDICIA also established a limitation on obligations that can be incurred by the BIF known as the maximum obligation limitation MOL . At December 31 1999 the MOL for the BIF was billion. Receivership Operations The FDIC is responsible for managing and disposing of the assets of failed institutions in an orderly and efficient manner. The assets held by receivership entities and the claims against them are accounted for separately from BIF assets and liabilities to ensure that liquidation proceeds are distributed in accordance with applicable laws and regulations. Also the income and expenses attributable to receiverships are accounted for as transactions of those receiverships. Liquidation expenses paid by the BIF on behalf of the receiverships are recovered from those receiverships. 2. Summary of Significant Accounting Policies General These financial statements pertain to the financial position results of operations and cash flows of the BIF and are presented in accordance with generally accepted accounting principles GAAP . These statements do not include reporting for assets and liabilities of closed banks for which the FDIC acts as receiver or liquidating agent. Periodic and final accountability reports of the FDIC s activities as receiver or liquidating agent are furnished to courts supervisory authorities and others as required. Use of Estimates FDIC management makes estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. Actual results could differ from these estimates. Where it is reasonably possible that changes in estimates will cause a material change in the financial statements in the near term the nature and extent of such changes in estimates have been disclosed. Cash Equivalents Cash equivalents are short-term highly liquid investments with original maturities of three months or less. Cash equivalents primarily consist of Special . Treasury .

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