NCUA will release a summary of its commissioned PIMCO report "inthe near future", said Chairman Michael Fryzel today. Comments fromthe agency's leader were included in NCUA's weekly Friday corporateupdate.

Fryzel addressed criticism that NCUA has lacked transparency inits action to place both U.S. Central FCU and Western Corporate FCUinto conservatorship, acknowledging that "the incomplete orinsufficient nature of available information has led some toquestion the necessity of the NCUA's actions and level of expectedcredit losses being projected."

Today's release doesn't provide exact numbers that break downhow much each corporate contributed to the $5.9 billion shareinsurance fund hit; however, NCUA did provide updated portfolioratings, and loss estimates by ratings category. Based on the mostconservative assumptions, it appears WesCorp's losses are abouttwice as large as U.S. Central's.

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