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March 2005
Supplement to Audit Report No. 04-035
Dated September 13, 2004

Repurchases of Superior Federal, FSB, Loan Assets Sold to Beal Bank

This supplement contains copies of correspondence between the Office of Inspector General (OIG) and the Division of Resolution and Receivership (DRR) sub-sequent to the issuance of Audit Report No. 04-035, dated September 13, 2004. The intent of this supplement is to show resolution of recommendations that were unresolved at the time the OIG issued the final report.


Table of Contents
I. OIG Assessment of Audit Committee Final Action and DRR Corrective Action
Memorandum, dated March 15, 2005, from the Assistant Inspector General for Audits to the Director, Division of Resolutions and Receiverships
II. Report of Final Action of the Audit Committee
Memorandum, dated February 7, 2005, from the Vice Chairman, FDIC, and Chairman, FDIC Audit Committee to the Chairman, FDIC, and the Acting Inspector General

I. OIG Assessment of Audit Committee Final Action and DRR Corrective Action
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II. Report of Final Action of the Audit Committee

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Last updated 4/11/2005