Presents opinions on the financial statements of the Bank Insur. Fund, the Savings Assoc. Insur. Fund, and the FSLIC Resolution Fund, as well as on FDIC management's assertions regarding the effectiveness of its internal control and evaluation of FDIC's compliance with laws and regulations during 1996. Discusses FDIC's progress in correcting internal control weaknesses, presents recommendations for further improvement, and highlights the impact of legislation in 1996 on the capitalization of the Saving Assoc. Insur. Fund and the status of the FSLIC Resolution Fund's liquidation activities and funding. Tables.