Chief Financial Officer's (CFO) Report to the Board
In an effort to streamline the financial reporting process and provide the Board with more timely and meaningful financial information, the finance team consolidated and redesigned most of the financial reports being forwarded to the Board. Specifically, in the past, the Board received three separate quarterly reports, often at different intervals:
Investment Portfolios Status Report — investment activities and results for the DIF and the National Liquidation Fund;
Financial Results Report — financial statements for the DIF and FRF; and
Budget Variance Report — year-to-date budgeted vs. actual results, broken out both by major categories of expenditures as well as by divisions and offices.
The 2011 Fourth Quarter CFO Report to the Board was recently updated and published.
For more information on the CFO Report to the Board, visit http://www.fdic.gov/about/strategic/cor ... index.html