Footnote 1: A receiver is an agent appointed by a failed institution's primary federal regulator to manage the orderly liquidation of the failed institution.

Footnote 2: A P&A is a resolution transaction in which a healthy institution purchases some or all of the assets of a failed institution and assumes some or all of the liabilities, including all insured deposits.

Footnote 3: The tax function includes assuring that all tax-related responsibilities of the receivership are properly addressed and obtaining all information necessary to fulfill the tax reporting responsibilities remaining with the receivership.

Footnote 4: Proforma Jackets contain information gathered through the Proforma process that verifies and reconciles the failed institution's general ledger accounts.

Footnote 5: The DRR standard loan sale agreement defines a performing loan as any loan for which the last payment of required principal, interest, and any escrow amounts occurs less than 60 days prior to the calculation date for the sale.

Footnote 6: NAIS is a data repository used by DRR to maintain an inventory of all FDIC assets in receivership.

Footnote 7: NPS is an asset processing system DRR uses to account for loans and related financial transactions acquired from failed financial depository institutions.