Income and Expenses,
Savings Association Insurance Fund, by Year,
from Beginning of Operations, August 9, 1989, through December 31,
2001 |
Dollars in Thousands |
Income |
Year |
Total |
Assessment
Income |
Investment
and
Other Sources |
Effective
Assessment Rate |
Total |
$12,205,658 |
$8,604,206 |
$3,601,452 |
|
2001 |
733,121 |
35,402 |
697,719 |
0.004% |
2000 |
664,080 |
19,237 |
644,843 |
0.002% |
1999 |
600,995 |
15,116 |
585,879 |
0.002% |
1998 |
583,859 |
15,352 |
568,507 |
0.002% |
1997 |
549,912 |
13,914 |
535,998 |
0.004% |
1996 |
5,501,684 |
5,221,560 |
280,124 |
0.204% |
1995 |
1,139,916 |
970,027 |
169,889 |
0.234% |
1994 |
1,215,289 |
1,132,102 |
83,187 |
0.244% |
1993 |
923,516 |
897,692 |
25,824 |
0.250% |
1992 |
178,643 |
172,079 |
6,564 |
0.230% |
1991 |
96,446 |
93,530 |
2,916 |
0.230% |
1990 |
18,195 |
18,195 |
0 |
0.208% |
1989 |
2 |
0 |
2 |
0.208% |
Expenses
and Losses |
Year |
Total |
Provision
for
Losses |
Interest
and Other Insur. Expenses |
Administrative
and Operating Expenses |
Funding
Transfer from the FSLIC Resolution Fund |
Net
Income
(Loss) |
Total |
$1,499,640 |
$707,733 |
$29,049 |
$762,858 |
$139,498 |
$10,845,516 |
2001 |
564,083 |
443,103 |
19,389 |
101,591 |
0 |
169,038 |
2000 |
300,018 |
180,805 |
8,293 |
110,920 |
0 |
364,062 |
1999 |
124,156 |
30,648 |
626 |
92,882 |
0 |
476,839 |
1998 |
116,629 |
31,992 |
9 |
84,628 |
0 |
467,230 |
1997 |
69,986 |
(1,879) |
0 |
71,865 |
0 |
479,926 |
1996 |
(28,890) |
(91,636) |
128 |
62,618 |
0 |
5,530,574 |
1995 |
(281,216) |
(321,000) |
0 |
39,784 |
0 |
1,421,132 |
1994 |
434,303 |
414,000 |
0 |
20,303 |
0 |
780,986 |
1993 |
46,814 |
16,531 |
0 |
30,283 |
0 |
876,702 |
1992 |
28,982 |
(14,945) |
(5) |
43,932 |
35,446 |
185,107 |
1991 |
63,085 |
20,114 |
609 |
42,362 |
42,362 |
75,723 |
1990 |
56,088 |
0 |
0 |
56,088 |
56,088 |
18,195 |
1989 |
5,602 |
0 |
0 |
5,602 |
5,602 |
2 |
FDIC-Insured Institutions
Closed During 2001 |
Dollars in Thousands |
Name and Location |
Bank Class |
Number of
Deposit Accounts |
Total Assets |
Total Deposits |
FDIC
Disburse-
ments |
Estimated
Loss 1
| Date of Closing
or Acquisition |
Assuming
Bank and Location |
Bank
Insurance Fund |
Purchase
and Assumption - All Deposits |
First
Alliance Bank & Trust Company
Manchester, NH |
NM |
1,100 |
$16,805 |
$16,289 |
$16,290 |
$565 |
02/02/01 |
Southern New
Hampshire Bank & Trust Co.
Salem, NH |
Malta
National Bank
Malta, OH |
N |
1,462 |
$9,279 |
$8,746 |
$8,685 |
$728 |
05/03/01 |
North Valley
Branch
Zanesville, OH |
Purchase
and Assumption - Insured Deposits |
Sinclair
National Bank
Gravette, AR |
N |
1,082 |
$28,386 |
$24,891 |
$24,556 |
$3,400 |
09/07/01 |
Delta Trust
& Bank
Parkdale, AR |
Savings
Association Insurance Fund |
Purchase
and AssumptionAll Deposits |
Superior
Bank, FSB
Hinsdale, IL |
SB |
91,392 |
$2,179,783 |
$1,670,802 |
$1,022,000 |
$440,000 |
07/27/01 |
Charter One
Bank, FSB
Cleveland, OH |
Codes for Bank Class:
NM = State-chartered bank that is not a member of the Federal Reserve
System
N = National Bank
SB = Savings Bank
1 Estimated losses are as of December
31, 2001. Estimated losses are routinely adjusted with updated information
from new appraisals and asset sales, which ultimately affect the asset
values and projected recoveries. |
Estimated Insured
Deposits and the Savings Association Insurance Fund,
December 31, 1989, through December 31, 2001 |
|
|
Deposits
in Insured Institutions (Dollars in Millions) |
Insurance
Fund as a Percentage of |
Year 1 |
Insurance Coverage |
Total
Domestic
Deposits |
Est.
Insured Deposits 2 |
Percentage
of Insured
Deposits |
Deposit
Insurance
Fund |
Total
Domestic
Deposits |
Est.
Insured
Deposits |
2001 |
$100,000 |
$897,278 |
$801,849 |
89.4 |
$10,935.0 |
1.22 |
1.36 |
2000 |
100,000 |
822,610 |
752,756 |
91.5 |
10,758.6 |
1.31 |
1.43 |
1999 |
100,000 |
764,359 |
711,345 |
93.1 |
10,280.7 |
1.35 |
1.45 |
1998 |
100,000 |
751,413 |
708,959 |
94.4 |
9,839.8 |
1.31 |
1.39 |
1997 |
100,000 |
721,503 |
690,132 |
95.7 |
9,368.3 |
1.30 |
1.36 |
1996 |
100,000 |
708,749 |
683,090 |
96.4 |
8,888.4 |
1.25 |
1.30 |
1995 |
100,000 |
742,547 |
711,017 |
95.8 |
3,357.8 |
0.45 |
0.47 |
1994 |
100,000 |
720,823 |
692,626 |
96.1 |
1,936.7 |
0.27 |
0.28 |
1993 |
100,000 |
726,473 |
695,158 |
95.7 |
1,155.7 |
0.16 |
0.17 |
1992 |
100,000 |
760,902 |
729,458 |
95.9 |
279.0 |
0.04 |
0.04 |
1991 |
100,000 |
810,664 |
776,351 |
95.8 |
93.9 |
0.01 |
0.01 |
1990 |
100,000 |
874,738 |
830,028 |
94.9 |
18.2 |
0.00 |
0.00 |
1989 |
100,000 |
948,144 |
882,920 |
93.1 |
0.0 |
0.00 |
0.00 |
1 Starting
in 1990, deposits in insured institutions exclude those deposits held
by Savings Association Insurance Fund members that are insured by
the Bank Insurance Fund and include those deposits held by Bank Insurance
Fund members that are insured by the Savings Association Insurance
Fund.
2 Estimated insured deposits reflect deposit
information as reported in the fourth quarter FDIC Quarterly Banking
Profile. Before 1991, insured deposits were estimated using
percentages determined from the June 30 Call Reports. |
Number, Assets,
Deposits, and Loss to Funds of Insured Thrifts Taken Over
or Closed Because of Financial Difficulties, 1989 through 2001 1 |
Dollars in Thousands |
Year
2 |
Total |
Assets |
Deposits |
Estimated
Receivership Loss 3 |
Loss to
Funds 4 |
Total |
752 |
$
396,291,119 |
$
319,295,433 |
$
75,090,665 |
82,290,827 |
2001 |
1 |
2,179,783 |
1,670,802 |
440,000 |
440,000 |
2000 |
1 |
29,530 |
28,583 |
1,402 |
1,402 |
1999 |
1 |
62,956 |
63,427 |
1,343 |
1,343 |
1998 |
0 |
0 |
0 |
0 |
0 |
1997 |
0 |
0 |
0 |
0 |
0 |
1996 |
1 |
32,576 |
32,745 |
21,222 |
21,222 |
1995 |
2 |
423,819 |
414,692 |
28,192 |
27,750 |
1994 |
2 |
136,815 |
127,508 |
11,472 |
14,599 |
1993 |
10 |
6,147,962 |
4,881,461 |
281,381 |
171,017 |
1992 |
59 |
44,196,946 |
34,773,224 |
3,101,879 |
3,684,705 |
1991 |
144 |
78,898,704 |
65,173,122 |
8,450,564 |
9,132,202 |
1990 |
213 |
129,662,398 |
98,963,960 |
16,057,760 |
19,255,388 |
1989
5 |
318 |
134,519,630 |
113,165,909 |
46,695,450 |
49,541,199 |
1
Prior to July 1, 1995, all thrift closings were the responsibility
of the Resolution Trust Corporation (RTC). Since the RTC was terminated
on December 31, 1995, and all assets and liabilities transferred to
the FSLIC Resolution Fund (FRF), all the results of the thrift closing
activity from 1989 through 1995 are now reflected on FRF's books.
The Savings Association Insurance Fund (SAIF) became responsible for
all thrifts closed after June 30, 1995; there have been only four
such failures. Additionally, SAIF was appointed receiver of
one thrift (Heartland FSLA) on October 8, 1993, because, at that time,
RTC's authority to resolve FSLIC-insured thrifts had not yet been
extended by the RTC Completion Act.
2 Year is the year of failure, not the
year of resolution.
3 The estimated losses represent the projected
loss at the fund level from receiverships for unreimbursed subrogated
claims of the FRF/SAIF and unpaid advances to receiverships from the
FRF.
4 The Loss to Funds represents the total
resolution cost of the failed thrifts in the SAIF and FRF-RTC funds,
which includes corporate revenue and expense items such as interest
expense on Federal Financing Bank debt, interest expense on escrowed
funds, and interest revenue on advances to receiverships, in addition
to the estimated losses for receiverships.
5 Total for 1989 excludes nine failures
of the former FSLIC. |
|