This table displays the balances of the NGNs and Legacy Assets at different points in time. The balances change due to principal payments and losses on the Legacy Assets. The Legacy Assets are complex, the dollar amounts very large, and the economic situation challenging. For example, approximately 1.6 million individual mortgages (among other assets) support the Legacy Assets. The table will also provide information on guaranty payments made by NCUA, if any.
| |
12/31/2010 - 6/302011 |
6/30/2011 - 12/31/2011 |
12/31/2011 - 6/30/2012 |
|---|
| Beginning NGN Balance* |
28,116 |
26,534 |
|
|---|
| Principal Paydowns |
1,583 |
|
|
|---|
| Guaranty Payments |
0 |
|
|
|---|
| Ending NGN Balance |
26,534 |
|
|
|---|
| Legacy Assets ($ Millions) |
|---|
| |
12/31/2010 - 6/30/2011 |
6/30/2011 - 12/31/2011 |
12/31/2011 - 6/30/2011 |
|---|
| Beginning Legacy Asset Balance |
39,974 |
37,113 |
|
|---|
| Current Period Principal Payments |
1,987 |
|
|
|---|
| Current Period Realized Losses |
874 |
|
|
|---|
| Ending Legacy Asset Balance |
37,113 |
|
|
|---|
| |
|
|
|
|---|
| Current Period Implied Writedowns |
84 |
|
|
|---|
Ending Legacy Asset Balance
(Including Cumulative Implied Writedowns) |
36,828 |
|
|
|---|
| |
|
|
|
|---|
Cumulative Realized Losses |
2,691 |
|
|
|---|
| Cumulative Implied Writedowns |
285 |
|
|
|---|
| |
|
|
|
|---|
| Ending Overcollateralization (%) |
39.9% |
|
|
|---|
| |
|
|
|
|---|
* Includes NGNs issued in 2011