Mr Cooper Group Inc fka COOP

[sometimes_right]

JPM financial's state Fair-value of WaMu net-assets-acquired as $11.999bn

So did/does JPMorgan need to make final payment to FDIC-R of $11.999 Billion to complete its purchase of WaMu, and then FDIC-R distributes the money to WMILT for payment to release-signing shareholders?

Excerpts from Bank's Audited 2009 Financials - JP Morgan

Notes to consolidated financial statements
JPMorgan Chase Bank, National Association
(a wholly owned subsidiary of JPMorgan Chase & Co.)
JPMorgan Chase Bank, National Association/2009 Consolidated Financial Statements
10
after writing down the nonfinancial assets was recognized as an
extraordinary gain of $1.9 billion at December 31, 2008. The final
total extraordinary gain that resulted from the Washington Mutual
transaction was $2.0 billion.
The final summary computation of the purchase price and the allocation of the final total purchase price of $1.9 billion to the net assets acquired of
Washington Mutual – based on their respective fair values as of September 25, 2008, and the resulting final negative goodwill of $2.0 billion are
presented below.
(in millions)
Purchase price
Purchase price $ 1,938
Direct acquisition costs 3
Total purchase price 1,941
Net assets acquired
Washington Mutual’s net assets before fair value adjustments $ 39,186
Washington Mutual’s goodwill and other intangible assets (7,566)
Subtotal 31,620
Adjustments to reflect assets acquired at fair value:
Securities (16)
Trading assets (591)
Loans (30,998)
Allowance for loan losses 8,216
Premises and equipment 680
Accrued interest and accounts receivable (243)
Other assets 4,010
Adjustments to reflect liabilities assumed at fair value:
Deposits (686)
Other borrowed funds 68
Accounts payable, accrued expense and other liabilities (1,124)
Long-term debt 1,063
Fair value of net assets acquired 11,999 (in millions)
Negative goodwill before allocation to nonfinancial assets (10,058)
Negative goodwill allocated to nonfinancial assets(a) 8,076
Negative goodwill resulting from the acquisition(b) $ (1,982)
(a) The acquisition was accounted for as a purchase business combination, which requires the assets (including identifiable intangible assets) and liabilities (including
executory contracts and other commitments) of an acquired business to be recorded at their respective fair values as of the effective date of the acquisition and consolidated
with those of JPMorgan Chase Bank, N.A. The fair value of the net assets of Washington Mutual’s banking operations exceeded the $1.9 billion purchase price,
resulting in negative goodwill. Noncurrent, nonfinancial assets not held-for-sale, such as premises and equipment and other intangibles, were written down against the
negative goodwill. The negative goodwill that remained after writing down transaction-related core deposit intangibles of approximately $4.9 billion and premises and
equipment of approximately $3.2 billion was recognized as an extraordinary gain of $2.0 billion.
(b) The extraordinary gain was recorded net of tax expense in JPMorgan Chase Bank, N.A..’s Consolidated Financial Statements.


(suspiciously this link was "turned-off" after my first access)
https://www.jpmorgan.com/cm/cs?pagename=JPM/DirectDoc&urlname=New_Zealand_bankstats09.pdf