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2001 Annual Report


Key Statistics

Income and Expenses, Bank Insurance Fund, from Beginning of Operations,
Sept. 11, 1933, through Dec. 31, 2001
Dollars in Millions
Income Expenses and Losses
Year Total Assess-
ment
Income
Assess-
ment
Credits
Investment
and Other
Sources
Effective
Assess-
ment
Rate 1
Total Provision
for Losses
Administrative
and Operating
Expenses 2
Interest & Other
Insur.
Expenses
Net Income/
(Loss)
Total $83,707.2 $53,260.6 $6,709.1 $37,155.7   $53,514.0 $37,208.0 $9,339.5 $6,972.5 $30,193.2
2001 1,996.7 47.8 0.0 1,948.9 0.0014% 2,559.4 1,756.3 785.9 17.2 (562.7)
2000 1,905.9 45.1 0.0 1,860.8 0.0014% 645.2 (153.0) 772.9 25.3 1,260.7
1999 1,815.6 33.3 0.0 1,782.3 0.0011% 1,922.0 1,168.7 730.4 22.9 (106.4)
1998 2,000.3 21.7 0.0 1,978.6 0.0008% 691.5 (37.7) 697.6 31.6 1,308.8
1997 1,615.6 24.7 0.0 1,590.9 0.0008% 177.3 (503.7) 605.2 75.8 1,438.3
1996 1,655.3 72.7 0.0 1,582.6 0.0024% 254.6 (325.2) 505.3 74.5 1,400.7
1995 4,089.1 2,906.9 0.0 1,182.2 0.1240% 483.2 (33.2) 470.6 45.8 3,605.9
1994 6,467.0 5,590.6 0.0 876.4 0.2360% (2,259.1) (2,873.4) 423.2 191.1 8,726.1
1993 6,430.8 5,784.3 0.0 646.5 0.2440% (6,791.4) (7,677.4) 388.5 497.5 13,222.2
1992 6,301.5 5,587.8 0.0 713.7 0.2300% (625.8) (2,259.7) 570.8 3 1,063.1 6,927.3
1991 5,790.0 5,160.5 0.0 629.5 0.2125% 16,862.3 15,476.2 284.1 1,102.0 (11,072.3)
1990 3,838.3 2,855.3 0.0 983.0 0.1200% 13,003.3 12,133.1 219.6 650.6 (9,165.0)
1989 3,494.6 1,885.0 0.0 1,609.6 0.0833% 4,346.2 3,811.3 213.9 321.0 (851.6)
1988 3,347.7 1,773.0 0.0 1,574.7 0.0833% 7,588.4 6,298.3 223.9 1,066.2 (4,240.7)
1987 3,319.4 1,696.0 0.0 1,623.4 0.0833% 3,270.9 2,996.9 204.9 69.1 48.5
1986 3,260.1 1,516.9 0.0 1,743.2 0.0833% 2,963.7 2,827.7 180.3 (44.3) 296.4
1985 3,385.4 1,433.4 0.0 1,952.0 0.0833% 1,957.9 1,569.0 179.2 209.7 1,427.5
1984 3,099.5 1,321.5 0.0 1,778.0 0.0800% 1,999.2 1,633.4 151.2 214.6 1,100.3
1983 2,628.1 1,214.9 164.0 1,577.2 0.0714% 969.9 675.1 135.7 159.1 1,658.2
1982 2,524.6 1,108.9 96.2 1,511.9 0.0769% 999.8 126.4 129.9 743.5 1,524.8
1981 2,074.7 1,039.0 117.1 1,152.8 0.0714% 848.1 320.4 127.2 400.5 1,226.6
1980 1,310.4 951.9 521.1 879.6 0.0370% 83.6 (38.1) 118.2 3.5 1,226.8
1979 1,090.4 881.0 524.6 734.0 0.0333% 93.7 (17.2) 106.8 4.1 996.7
1978 952.1 810.1 443.1 585.1 0.0385% 148.9 36.5 103.3 9.1 803.2
1977 837.8 731.3 411.9 518.4 0.0370% 113.6 20.8 89.3 3.5 724.2
1976 764.9 676.1 379.6 468.4 0.0370% 212.3 28.0 180.4 4 3.9 552.6
1975 689.3 641.3 362.4 410.4 0.0357% 97.5 27.6 67.7 2.2 591.8
1974 668.1 587.4 285.4 366.1 0.0435% 159.2 97.9 59.2 2.1 508.9
1973 561.0 529.4 283.4 315.0 0.0385% 108.2 52.5 54.4 1.3 452.8
1972 467.0 468.8 280.3 278.5 0.0333% 59.7 10.1 49.6 6.0 5 407.3
1971 415.3 417.2 241.4 239.5 0.0345% 60.3 13.4 46.9 0.0 355.0
1970 382.7 369.3 210.0 223.4 0.0357% 46.0 3.8 42.2 0.0 336.7
1969 335.8 364.2 220.2 191.8 0.0333% 34.5 1.0 33.5 0.0 301.3
1968 295.0 334.5 202.1 162.6 0.0333% 29.1 0.1 29.0 0.0 265.9
1967 263.0 303.1 182.4 142.3 0.0333% 27.3 2.9 24.4 0.0 235.7
1966 241.0 284.3 172.6 129.3 0.0323% 19.9 0.1 19.8 0.0 221.1
1965 214.6 260.5 158.3 112.4 0.0323% 22.9 5.2 17.7 0.0 191.7
1964 197.1 238.2 145.2 104.1 0.0323% 18.4 2.9 15.5 0.0 178.7
1963 181.9 220.6 136.4 97.7 0.0313% 15.1 0.7 14.4 0.0 166.8
1962 161.1 203.4 126.9 84.6 0.0313% 13.8 0.1 13.7 0.0 147.3
1961 147.3 188.9 115.5 73.9 0.0323% 14.8 1.6 13.2 0.0 132.5
1960 144.6 180.4 100.8 65.0 0.0370% 12.5 0.1 12.4 0.0 132.1
1959 136.5 178.2 99.6 57.9 0.0370% 12.1 0.2 11.9 0.0 124.4
1958 126.8 166.8 93.0 53.0 0.0370% 11.6 0.0 11.6 0.0 115.2
1957 117.3 159.3 90.2 48.2 0.0357% 9.7 0.1 9.6 0.0 107.6
1956 111.9 155.5 87.3 43.7 0.0370% 9.4 0.3 9.1 0.0 102.5
1955 105.8 151.5 85.4 39.7 0.0370% 9.0 0.3 8.7 0.0 96.8
1954 99.7 144.2 81.8 37.3 0.0357% 7.8 0.1 7.7 0.0 91.9
1953 94.2 138.7 78.5 34.0 0.0357% 7.3 0.1 7.2 0.0 86.9
1952 88.6 131.0 73.7 31.3 0.0370% 7.8 0.8 7.0 0.0 80.8
1951 83.5 124.3 70.0 29.2 0.0370% 6.6 0.0 6.6 0.0 76.9
1950 84.8 122.9 68.7 30.6 0.0370% 7.8 1.4 6.4 0.0 77.0
1949 151.1 122.7 0.0 28.4 0.0833% 6.4 0.3 6.1 0.0 144.7
1948 145.6 119.3 0.0 26.3 0.0833% 7.0 0.7 6.3 6 0.0 138.6
1947 157.5 114.4 0.0 43.1 0.0833% 9.9 0.1 9.8 0.0 147.6
1946 130.7 107.0 0.0 23.7 0.0833% 10.0 0.1 9.9 0.0 120.7
1945 121.0 93.7 0.0 27.3 0.0833% 9.4 0.1 9.3 0.0 111.6
1944 99.3 80.9 0.0 18.4 0.0833% 9.3 0.1 9.2 0.0 90.0
1943 86.6 70.0 0.0 16.6 0.0833% 9.8 0.2 9.6 0.0 76.8
1942 69.1 56.5 0.0 12.6 0.0833% 10.1 0.5 9.6 0.0 59.0
1941 62.0 51.4 0.0 10.6 0.0833% 10.1 0.6 9.5 0.0 51.9
1940 55.9 46.2 0.0 9.7 0.0833% 12.9 3.5 9.4 0.0 43.0
1939 51.2 40.7 0.0 10.5 0.0833% 16.4 7.2 9.2 0.0 34.8
1938 47.7 38.3 0.0 9.4 0.0833% 11.3 2.5 8.8 0.0 36.4
1937 48.2 38.8 0.0 9.4 0.0833% 12.2 3.7 8.5 0.0 36.0
1936 43.8 35.6 0.0 8.2 0.0833% 10.9 2.6 8.3 0.0 32.9
1935 20.8 11.5 0.0 9.3 0.0833% 11.3 2.8 8.5 0.0 9.5
1933-34 7.0 0.0 0.0 7.0 N/A 10.0 0.2 9.8 0.0 (3.0)
1 The effective rates from 1950 through 1984 vary from the statutory rate of 0.0833 percent due to assessment credits provided in those years. The statutory rate increased to 0.12 percent in 1990 and to a minimum of 0.15 percent in 1991. The effective rates in 1991 and 1992 vary because the FDIC exercised new authority to increase assessments above the statutory rate when needed. Beginning in 1993, the effective rate is based on a risk-related premium system under which institutions pay assessments in the range of 0.23 percent to 0.31 percent. In May 1995, the BIF reached the mandatory recapitalization level of 1.25%. As a result, the assessment rate was reduced to 4.4 cents per $100 of insured deposits and assessment premiums totaling $1.5 billion were refunded in September 1995.

2 These expenses, which are presented as operating expenses in the Statements of Income and Fund Balance, pertain to the FDIC in its corporate capacity only and do not include costs that are charged to the failed bank receiverships that are managed by the FDIC. The receivership expenses are presented as part of the "Receivables from Bank Resolutions, net" line on the Statements of Financial Position. The narrative and graph presented in the "Corporate Planning and Budget" section of this report (next page) show the aggregate (corporate and receivership) expenditures of the FDIC.

3 Includes $210 million for the cumulative effect of an accounting change for certain postretirement benefits.

4 Includes $105.6 million net loss on government securities.

5 This amount represents interest and other insurance expenses from 1933 to 1972.

6 Includes the aggregate amount of $80.6 million of interest paid on capital stock between 1933 and 1948.



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