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2012 Annual Report

VI. Appendices

A. Key Statistics

FDIC Expenditures 2003–2012
Dollars in Millions

Bar Chart for FDIC Expenditures 2003-2012

The FDIC's Strategic Plan and Annual Performance Plan provide the basis for annual planning and budgeting for needed resources. The 2012 aggregate budget (for corporate, receivership, and investment spending) was $3.3 billion, while actual expenditures for the year were $2.5 billion, about $0.3 billion less than 2011 expenditures.

Over the past decade, the FDIC’s expenditures have varied in response to workload. During the last several years, expenditures have risen, largely due to increasing resolution and receivership activity. To a lesser extent, increased expenses have resulted from supervision-related costs associated with the oversight of more troubled institutions.

FDIC Actions on Financial Institutions Applications 2010–2012

 

2012

2011

2010

Deposit Insurance

6

10

16

Approved1

6

10

16

Denied

0

0

0

New Branches

570

442

461

Approved

570

442

459

Denied

0

0

2

Mergers

238

206

182

Approved

238

206

182

Denied

0

0

0

Requests for Consent to Serve2

674

876

839

Approved

674

875

839

Section 19

10

24

10

Section 32

661

851

829

Denied

3

1

0

Section 19

1

0

0

Section 32

2

1

0

Notices of Change in Control

26

21

33

Letters of Intent Not to Disapprove

26

21

33

Disapproved

0

0

0

Brokered Deposit Waivers

97

84

66

Approved

95

83

65

Denied

2

1

1

Savings Association Activities3

21

30

31

Approved

21

30

31

Denied

0

0

0

State Bank Activities/Investments4

7

9

3

Approved

7

9

3

Denied

0

0

0

Conversion of Mutual Institutions

8

6

2

Non-Objection

8

6

2

Objection

0

0

0


1Includes deposit insurance application filed on behalf of (1) newly organized institutions, (2) existing uninsured financial services companies seeking establishment as an insured institution, and (3) interim institutions established to facilitate merger or conversion transactions, and applications to facilitate the establishment of thrift holding companies.

2Under Section 19 of the Federal Deposit Insurance (FDI) Act, an insured institution must receive FDIC approval before employing a person convicted of dishonesty or breach of trust. Under Section 32, the FDIC must approve any change of directors or senior executive officers at a state nonmember bank that is not in compliance with capital requirements or is otherwise in troubled condition.

3Amendments to Part 303 of the FDIC Rules and Regulations changed FDIC oversight responsibility in October 1998. In 1998, Part 303 changed the Delegations of Authority to act upon applications.

4Section 24 of the FDI Act, in general, precludes a federally insured state bank from engaging in an activity not permissible for a national bank and requires notices to be filed with the FDIC.

Compliance, Enforcement, and Other Related Legal Actions 2010–2012

 

2012

2011

2010

Total Number of Actions Initiated by the FDIC

557

550

758

Termination of Insurance

 

 

 

Involuntary Termination

 

 

 

Sec. 8a For Violations, Unsafe/Unsound Practices or Conditions

0

0

0

Voluntary Termination

 

 

 

Sec. 8a By Order Upon Request

0

0

0

Sec. 8p No Deposits

3

7

4

Sec. 8q Deposits Assumed

4

2

1

Sec. 8b Cease-and-Desist Actions

 

 

 

Notices of Charges Issued1

0

7

3

Orders to Pay Restitution

9

N/A

N/A

Consent Orders

120

183

372

Sec. 8e Removal/Prohibition of Director or Officer

 

 

 

Notices of Intention to Remove/Prohibit

8

11

10

Consent Orders

108

100

111

Sec. 8g Suspension/Removal When Charged With Crime

0

1

0

Civil Money Penalties Issued

 

 

 

Sec. 7a Call Report Penalties

1

0

0

Sec. 8i Civil Money Penalties

164

193

212

Sec. 8i Civil Money Penalty Notices of Assessment

5

5

8

Sec. 10c Orders of Investigation

16

29

15

Sec. 19 Waiver Orders

 

 

 

Approved Section 19 Waiver Orders

119

10

24

Denied Section 19 Waiver Orders

0

1

0

Sec. 32 Notices Disapproving Officer/Director’s Request for Review

0

0

0

Truth-in-Lending Act Reimbursement Actions

 

 

 

Denials of Requests for Relief

0

0

0

Grants of Relief

0

0

0

Banks Making Reimbursement1

126

84

64

Suspicious Activity Reports (Open and closed institutions)1

139,102

125,460

126,098

Other Actions Not Listed

0

8

1


1These actions do not constitute the initiation of a formal enforcement action and, therefore, are not included in the total number of actions initiated.

Estimated Insured Deposits and the Deposit Insurance Fund, December 31, 1934, through
September 30, 20121 Dollars in Millions (except Insurance Coverage)

 

Deposits in Insured Institutions2

 

Insurance Fund as a Percentage of

Year

Insurance Coverage2

Total Domestic Deposits

Est. Insured Deposits

Percentage of Insured Deposits

Deposit Insurance Fund

Total Domestic Deposits

Est. Insured Deposits

2012

$250,000

$9,084,802

$7,250,693

79.8

$25,223.9

0.28

0.35

2011

250,000

8,782,165

6,981,569

79.5

11,826.5

0.13

0.17

2010

250,000

7,887,733

6,307,607

80.0

(7,352.2)

(0.09)

(0.12)

2009

250,000

7,705,353

5,407,773

70.2

(20,861.8)

(0.27)

(0.39)

2008

100,000

7,505,409

4,750,783

63.3

17,276.3

0.23

0.36

2007

100,000

6,921,678

4,292,211

62.0

52,413.0

0.76

1.22

2006

100,000

6,640,097

4,153,808

62.6

50,165.3

0.76

1.21

2005

100,000

6,229,823

3,891,000

62.5

48,596.6

0.78

1.25

2004

100,000

5,724,775

3,622,213

63.3

47,506.8

0.83

1.31

2003

100,000

5,224,030

3,452,606

66.1

46,022.3

0.88

1.33

2002

100,000

4,916,200

3,383,720

68.8

43,797.0

0.89

1.29

2001

100,000

4,565,068

3,216,585

70.5

41,373.8

0.91

1.29

2000

100,000

4,211,895

3,055,108

72.5

41,733.8

0.99

1.37

1999

100,000

3,885,826

2,869,208

73.8

39,694.9

1.02

1.38

1998

100,000

3,817,150

2,850,452

74.7

39,452.1

1.03

1.38

1997

100,000

3,602,189

2,746,477

76.2

37,660.8

1.05

1.37

1996

100,000

3,454,556

2,690,439

77.9

35,742.8

1.03

1.33

1995

100,000

3,318,595

2,663,873

80.3

28,811.5

0.87

1.08

1994

100,000

3,184,410

2,588,619

81.3

23,784.5

0.75

0.92

1993

100,000

3,220,302

2,602,781

80.8

14,277.3

0.44

0.55

1992

100,000

3,275,530

2,677,709

81.7

178.4

0.01

0.01

1991

100,000

3,331,312

2,733,387

82.1

(6,934.0)

(0.21)

(0.25)

1990

100,000

3,415,464

2,784,838

81.5

4,062.7

0.12

0.15

1989

100,000

3,412,503

2,755,471

80.7

13,209.5

0.39

0.48

1988

100,000

2,337,080

1,756,771

75.2

14,061.1

0.60

0.80

1987

100,000

2,198,648

1,657,291

75.4

18,301.8

0.83

1.10

1986

100,000

2,162,687

1,636,915

75.7

18,253.3

0.84

1.12

1985

100,000

1,975,030

1,510,496

76.5

17,956.9

0.91

1.19

1984

100,000

1,805,334

1,393,421

77.2

16,529.4

0.92

1.19

1983

100,000

1,690,576

1,268,332

75.0

15,429.1

0.91

1.22

1982

100,000

1,544,697

1,134,221

73.4

13,770.9

0.89

1.21

1981

100,000

1,409,322

988,898

70.2

12,246.1

0.87

1.24

1980

100,000

1,324,463

948,717

71.6

11,019.5

0.83

1.16

1979

40,000

1,226,943

808,555

65.9

9,792.7

0.80

1.21

1978

40,000

1,145,835

760,706

66.4

8,796.0

0.77

1.16

1977

40,000

1,050,435

692,533

65.9

7,992.8

0.76

1.15

1976

40,000

941,923

628,263

66.7

7,268.8

0.77

1.16

1975

40,000

875,985

569,101

65.0

6,716.0

0.77

1.18

1974

40,000

833,277

520,309

62.4

6,124.2

0.73

1.18

1973

20,000

766,509

465,600

60.7

5,615.3

0.73

1.21

1972

20,000

697,480

419,756

60.2

5,158.7

0.74

1.23

1971

20,000

610,685

374,568

61.3

4,739.9

0.78

1.27

1970

20,000

545,198

349,581

64.1

4,379.6

0.80

1.25

1969

20,000

495,858

313,085

63.1

4,051.1

0.82

1.29

1968

15,000

491,513

296,701

60.4

3,749.2

0.76

1.26

1967

15,000

448,709

261,149

58.2

3,485.5

0.78

1.33

1966

15,000

401,096

234,150

58.4

3,252.0

0.81

1.39

1965

10,000

377,400

209,690

55.6

3,036.3

0.80

1.45

1964

10,000

348,981

191,787

55.0

2,844.7

0.82

1.48

1963

10,000

313,304

177,381

56.6

2,667.9

0.85

1.50

1962

10,000

297,548

170,210

57.2

2,502.0

0.84

1.47

1961

10,000

281,304

160,309

57.0

2,353.8

0.84

1.47

1960

10,000

260,495

149,684

57.5

2,222.2

0.85

1.48

1959

10,000

247,589

142,131

57.4

2,089.8

0.84

1.47

1958

10,000

242,445

137,698

56.8

1,965.4

0.81

1.43

1957

10,000

225,507

127,055

56.3

1,850.5

0.82

1.46

1956

10,000

219,393

121,008

55.2

1,742.1

0.79

1.44

1955

10,000

212,226

116,380

54.8

1,639.6

0.77

1.41

1954

10,000

203,195

110,973

54.6

1,542.7

0.76

1.39

1953

10,000

193,466

105,610

54.6

1,450.7

0.75

1.37

1952

10,000

188,142

101,841

54.1

1,363.5

0.72

1.34

1951

10,000

178,540

96,713

54.2

1,282.2

0.72

1.33

1950

10,000

167,818

91,359

54.4

1,243.9

0.74

1.36

1949

5,000

156,786

76,589

48.8

1,203.9

0.77

1.57

1948

5,000

153,454

75,320

49.1

1,065.9

0.69

1.42

1947

5,000

154,096

76,254

49.5

1,006.1

0.65

1.32

1946

5,000

148,458

73,759

49.7

1,058.5

0.71

1.44

1945

5,000

157,174

67,021

42.6

929.2

0.59

1.39

1944

5,000

134,662

56,398

41.9

804.3

0.60

1.43

1943

5,000

111,650

48,440

43.4

703.1

0.63

1.45

1942

5,000

89,869

32,837

36.5

616.9

0.69

1.88

1941

5,000

71,209

28,249

39.7

553.5

0.78

1.96

1940

5,000

65,288

26,638

40.8

496.0

0.76

1.86

1939

5,000

57,485

24,650

42.9

452.7

0.79

1.84

1938

5,000

50,791

23,121

45.5

420.5

0.83

1.82

1937

5,000

48,228

22,557

46.8

383.1

0.79

1.70

1936

5,000

50,281

22,330

44.4

343.4

0.68

1.54

1935

5,000

45,125

20,158

44.7

306.0

0.68

1.52

1934

5,000

40,060

18,075

45.1

291.7

0.73

1.61


1 For 2012, figures are as of September 30, all prior years are as of December 31. Prior to 1989, figures are for the Bank Insurance Fund (BIF) only and exclude insured branches of foreign banks. For 1989 to 2005, figures represent sum of the BIF and Savings Association Insurance Fund (SAIF) amounts; for 2006 to 2012, figures are for DIF. Amounts for 1989 - 2012 include insured branches of foreign banks. Prior to year-end 1991, insured deposits were estimated using percentages determined from June Call and Thrift Financial Reports.

2 The year-end 2008 coverage limit and estimated insured deposits do not reflect the temporary increase to $250,000 then in effect under the Emergency Economic Stabilization Act of 2008. The Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) made this coverage limit permanent. The year-end 2009 coverage limit and estimated insured deposits reflect the $250,000 coverage limit. The Dodd-Frank Act also temporarily provided unlimited coverage for non-interest bearing transaction accounts for two years beginning December 31, 2010. Coverage for certain retirement accounts increased to $250,000 in 2006. Initial coverage limit was $2,500 from January 1 to June 30, 1934.

Income and Expenses, Deposit Insurance Fund, from Beginning of Operations, September 11, 1933, through December 31, 2012
Dollars in Millions

Income

Expenses and Losses

Year

Total

Assessment
Income

Assessment
Credits

Investment
and Other

Effective
Assessment
Rate1

Total

Provision for Ins. Losses

Admin. and Operating Expenses2

Interest & Other Ins. Expenses

Funding Transfer from the FSLIC Resolution Fund

Net Income/(Loss)

Total

$191,227.8

$127,776.5

$11,392.9

$74,844.2

 

$158,831.1

$126,258.4

$23,134.4

$9,438.3

$139.5

$32,536.2

2012

18,522.3

12,397.2

0.2

6,125.3

0.1013%

(2,599.0)

(4,222.6)

1,777.5

(153.9)

0

21,121.3

2011

16,342.0

13,499.5

0.9

2,843.4

0.1110%

(2,915.4)

(4,413.6)

1,625.4

(127.2)

0

19,257.4

2010

13,379.9

13,611.2

0.8

(230.5)

0.1772%

75.0

(847.8)

1,592.6

(669.8)

0

13,304.9

2009

24,706.4

17,865.4

148.0

6,989.0

0.2330%

60,709.0

57,711.8

1,271.1

1,726.1

0

(36,002.6)

2008

7,306.3

4,410.4

1,445.9

4,341.8

0.0418%

44,339.5

41,838.8

1,033.5

1,467.2

0

(37,033.2)

2007

3,196.2

3,730.9

3,088.0

2,553.3

0.0093%

1,090.9

95.0

992.6

3.3

0

2,105.3

2006

2,643.5

31.9

0.0

2,611.6

0.0005%

904.3

(52.1)

950.6

5.8

0

1,739.2

2005

2,420.5

60.9

0.0

2,359.6

0.0010%

809.3

(160.2)

965.7

3.8

0

1,611.2

2004

2,240.3

104.2

0.0

2,136.1

0.0019%

607.6

(353.4)

941.3

19.7

0

1,632.7

2003

2,173.6

94.8

0.0

2,078.8

0.0019%

(67.7)

(1,010.5)

935.5

7.3

0

2,241.3

2002

2,384.7

107.8

0.0

2,276.9

0.0023%

719.6

(243.0)

945.1

17.5

0

1,665.1

2001

2,730.1

83.2

0.0

2,646.9

0.0019%

3,123.4

2,199.3

887.9

36.2

0

(393.3)

2000

2,570.1

64.3

0.0

2,505.8

0.0016%

945.2

28.0

883.9

33.3

0

1,624.9

1999

2,416.7

48.4

0.0

2,368.3

0.0013%

2,047.0

1,199.7

823.4

23.9

0

369.7

1998

2,584.6

37.0

0.0

2,547.6

0.0010%

817.5

(5.7)

782.6

40.6

0

1,767.1

1997

2,165.5

38.6

0.0

2,126.9

0.0011%

247.3

(505.7)

677.2

75.8

0

1,918.2

1996

7,156.8

5,294.2

0.0

1,862.6

0.1622%

353.6

(417.2)

568.3

202.5

0

6,803.2

1995

5,229.2

3,877.0

0.0

1,352.2

0.1238%

202.2

(354.2)

510.6

45.8

0

5,027.0

1994

7,682.1

6,722.7

0.0

959.4

0.2192%

(1,825.1)

(2,459.4)

443.2

191.1

0

9,507.2

1993

7,354.5

6,682.0

0.0

672.5

0.2157%

(6,744.4)

(7,660.4)

418.5

497.5

0

14,098.9

1992

6,479.3

5,758.6

0.0

720.7

0.1815%

(596.8)

(2,274.7)

614.83

1,063.1

35.4

7,111.5

1991

5,886.5

5,254.0

0.0

632.5

0.1613%

16,925.3

15,496.2

326.1

1,103.0

42.4

(10,996.4)

1990

3,855.3

2,872.3

0.0

983.0

0.0868%

13,059.3

12,133.1

275.6

650.6

56.1

(9,147.9)

1989

3,494.8

1,885.0

0.0

1,609.8

0.0816%

4,352.2

3,811.3

219.9

321.0

5.6

(851.8)

1988

3,347.7

1,773.0

0.0

1,574.7

0.0825%

7,588.4

6,298.3

223.9

1,066.2

0

(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

0

48.5

1986

3,260.1

1,516.9

0.0

1,743.2

0.0787%

2,963.7

2,827.7

180.3

(44.3)

0

296.4

1985

3,385.5

1,433.5

0.0

1,952.0

0.0815%

1,957.9

1,569.0

179.2

209.7

0

1,427.6

1984

3,099.5

1,321.5

0.0

1,778.0

0.0800%

1,999.2

1,633.4

151.2

214.6

0

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

0

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

0

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

0

1,226.6

1980

1,310.4

951.9

521.1

879.6

0.0370%

83.6

(38.1)

118.2

3.5

0

1,226.8

1979

1,090.4

881.0

524.6

734.0

0.0333%

93.7

(17.2)

106.8

4.1

0

996.7

1978

952.1

810.1

443.1

585.1

0.0385%

148.9

36.5

103.3

9.1

0

803.2

1977

837.8

731.3

411.9

518.4

0.0370%

113.6

20.8

89.3

3.5

0

724.2

1976

764.9

676.1

379.6

468.4

0.0370%

212.3

28.0

180.44

3.9

0

552.6

1975

689.3

641.3

362.4

410.4

0.0357%

97.5

27.6

67.7

2.2

0

591.8

1974

668.1

587.4

285.4

366.1

0.0435%

159.2

97.9

59.2

2.1

0

508.9

1973

561.0

529.4

283.4

315.0

0.0385%

108.2

52.5

54.4

1.3

0

452.8

1972

467.0

468.8

280.3

278.5

0.0333%

65.7

10.1

49.6

6.05

0

401.3

1971

415.3

417.2

241.4

239.5

0.0345%

60.3

13.4

46.9

0.0

0

355.0

1970

382.7

369.3

210.0

223.4

0.0357%

46.0

3.8

42.2

0.0

0

336.7

1969

335.8

364.2

220.2

191.8

0.0333%

34.5

1.0

33.5

0.0

0

301.3

1968

295.0

334.5

202.1

162.6

0.0333%

29.1

0.1

29.0

0.0

0

265.9

1967

263.0

303.1

182.4

142.3

0.0333%

27.3

2.9

24.4

0.0

0

235.7

1966

241.0

284.3

172.6

129.3

0.0323%

19.9

0.1

19.8

0.0

0

221.1

1965

214.6

260.5

158.3

112.4

0.0323%

22.9

5.2

17.7

0.0

0

191.7

1964

197.1

238.2

145.2

104.1

0.0323%

18.4

2.9

15.5

0.0

0

178.7

1963

181.9

220.6

136.4

97.7

0.0313%

15.1

0.7

14.4

0.0

0

166.8

1962

161.1

203.4

126.9

84.6

0.0313%

13.8

0.1

13.7

0.0

0

147.3

1961

147.3

188.9

115.5

73.9

0.0323%

14.8

1.6

13.2

0.0

0

132.5

1960

144.6

180.4

100.8

65.0

0.0370%

12.5

0.1

12.4

0.0

0

132.1

1959

136.5

178.2

99.6

57.9

0.0370%

12.1

0.2

11.9

0.0

0

124.4

1958

126.8

166.8

93.0

53.0

0.0370%

11.6

0.0

11.6

0.0

0

115.2

1957

117.3

159.3

90.2

48.2

0.0357%

9.7

0.1

9.6

0.0

0

107.6

1956

111.9

155.5

87.3

43.7

0.0370%

9.4

0.3

9.1

0.0

0

102.5

1955

105.8

151.5

85.4

39.7

0.0370%

9.0

0.3

8.7

0.0

0

96.8

1954

99.7

144.2

81.8

37.3

0.0357%

7.8

0.1

7.7

0.0

0

91.9

1953

94.2

138.7

78.5

34.0

0.0357%

7.3

0.1

7.2

0.0

0

86.9

1952

88.6

131.0

73.7

31.3

0.0370%

7.8

0.8

7.0

0.0

0

80.8

1951

83.5

124.3

70.0

29.2

0.0370%

6.6

0.0

6.6

0.0

0

76.9

1950

84.8

122.9

68.7

30.6

0.0370%

7.8

1.4

6.4

0.0

0

77.0

1949

151.1

122.7

0.0

28.4

0.0833%

6.4

0.3

6.1

0.0

0

144.7

1948

145.6

119.3

0.0

26.3

0.0833%

7.0

0.7

6.36

0.0

0

138.6

1947

157.5

114.4

0.0

43.1

0.0833%

9.9

0.1

9.8

0.0

0

147.6

1946

130.7

107.0

0.0

23.7

0.0833%

10.0

0.1

9.9

0.0

0

120.7

1945

121.0

93.7

0.0

27.3

0.0833%

9.4

0.1

9.3

0.0

0

111.6

1944

99.3

80.9

0.0

18.4

0.0833%

9.3

0.1

9.2

0.0

0

90.0

1943

86.6

70.0

0.0

16.6

0.0833%

9.8

0.2

9.6

0.0

0

76.8

1942

69.1

56.5

0.0

12.6

0.0833%

10.1

0.5

9.6

0.0

0

59.0

1941

62.0

51.4

0.0

10.6

0.0833%

10.1

0.6

9.5

0.0

0

51.9

1940

55.9

46.2

0.0

9.7

0.0833%

12.9

3.5

9.4

0.0

0

43.0

1939

51.2

40.7

0.0

10.5

0.0833%

16.4

7.2

9.2

0.0

0

34.8

1938

47.7

38.3

0.0

9.4

0.0833%

11.3

2.5

8.8

0.0

0

36.4

1937

48.2

38.8

0.0

9.4

0.0833%

12.2

3.7

8.5

0.0

0

36.0

1936

43.8

35.6

0.0

8.2

0.0833%

10.9

2.6

8.3

0.0

0

32.9

1935

20.8

11.5

0.0

9.3

0.0833%

11.3

2.8

8.5

0.0

0

9.5

1933-34

7.0

0.0

0.0

7.0

N/A

10.0

0.2

9.8

0.0

0

(3.0)


1Figures represent only BIF-insured institutions prior to 1990, BIF- and SAIF-insured institutions from 1990 through 2005, and DIF-insured institutions beginning in 2006. After 1995, all thrift closings became the responsibility of the FDIC and amounts are reflected in the SAIF. The effective assessment rate is calculated from annual assessment income (net of assessment credits), excluding transfers to the Financing Corporation (FICO), Resolution Funding Corporation (REFCORP) and FSLIC Resolution Fund, divided by the four quarter average assessment base. The effective rates from 1950 through 1984 varied 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 varied because the FDIC exercised new authority to increase assessments above the statutory minimum rate when needed. Beginning in 1993, the effective rate was based on a risk-related premium system under which institutions paid 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 percent. As a result, BIF assessment rates were reduced to a range of 0.04 percent to 0.31 percent of assessable deposits, effective June 1995, and assessments totaling $1.5 billion were refunded in September 1995. Assessment rates for the BIF were lowered again to a range of 0 to 0.27 percent of assessable deposits, effective the start of 1996. In 1996, the SAIF collected a one-time special assessment of $4.5 billion. Subsequently, assessment rates for the SAIF were lowered to the same range as the BIF, effective October 1996. This range of rates remained unchanged for both funds through 2006. As part of the implementation of the Federal Deposit Insurance Reform Act of 2005, assessment rates were increased to a range of 0.05 percent to 0.43 percent of assessable deposits effective at the start of 2007, but many institutions received a one-time assessment credit ($4.7 billion in total) to offset the new assessments. For the first quarter of 2009, assessment rates were increased to a range of 0.12 to 0.50 percent of assessable deposits. From the second quarter of 2009 through the first quarter of 2011, initial assessment rates ranged between 0.12 and 0.45 percent of assessable deposits. Initial rates are subject to further adjustments. Beginning in the second quarter of 2011, the assessment base changed to average total consolidated assets less average tangible equity (with certain adjustments for banker’s banks and custodial banks), as required by the Dodd-Frank Act. The FDIC implemented a new assessment rate schedule at the same time to conform to the larger assessment base. Initial assessment rates were lowered to a range of 0.05 to 0.35 percent of the new base. The annualized assessment rates averaged approximately 17.6 cents per $100 of assessable deposits for the first quarter of 2011 and 11.1 cents per $100 of the new base for the last three quarters of 2011 (which is the figure shown in the table). The effective assessment rate for 2012 was based on full year accrued assessment income, actual assessment base figures for the first three quarters of 2012, and an estimate for the assessment base for fourth quarter 2012. On June 30, 2009, a special assessment was imposed on all insured banks and thrifts, which amounted in aggregate to approximately $5.4 billion. For 8,106 institutions, with $9.3 trillion in assets, the special assessment was 5 basis points of each institution’s assets minus tier one capital; 89 other institutions, with assets of $4.0 trillion, had their special assessment capped at 10 basis points of their second quarter assessment base.

2These expenses, which are presented as operating expenses in the Statement 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 Resolutions, net” line on the Balance Sheet. The narrative and graph presented in the “Corporate Planning and Budget” section of this report show the aggregate (corporate and receivership) expenditures of the FDIC.

3Includes $210 million for the cumulative effect of an accounting change for certain postretirement benefits (1992).

4Includes a $106 million net loss on government securities (1976).

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

6Includes the aggregate amount of $81 million of interest paid on capital stock between 1933 and 1948.

Number, Assets, Deposits, Losses, and Loss to Funds of Insured Thrifts Taken Over or Closed Because of Financial Difficulties, 1989 through 19951
Dollars in Thousands

Year

Total

Assets

Deposits

Estimated Receivership Loss2

Loss to Funds3

Total

748

$393,986,574

$317,501,978

$75,977,702

$81,577,294

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

267,595

65,212

1992

59

44,196,946

34,773,224

3,286,957

3,832,195

1991

144

78,898,904

65,173,122

9,235,906

9,734,202

1990

213

129,662,498

98,963,962

16,062,552

19,257,446

19894

318

134,519,630

113,168,009

47,085,028

48,645,890


1Beginning in 1989 through 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. Year is the year of failure, not the year of resolution.

2The estimated losses represent the projected loss at the fund level from receiverships for unreimbursed subrogated claims of the FRF and unpaid advances to receiverships from the FRF.

3The Loss to Funds represents the total resolution cost of the failed thrifts in the FRF-RTC fund, 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.

4Total for 1989 excludes nine failures of the former FSLIC.

FDIC-Insured Institutions Closed During 2012
Dollars in Thousands

Codes for Bank Class:

NM = State-chartered bank that is not a member of the Federal Reserve System

N = National Bank

SB = Savings Bank

SI = Stock and Mutual Savings Bank

SM = State-chartered bank that is a member of the Federal Reserve System

SA = Savings Association

Name and Location

BankClass

Number of Deposit Accounts

TotalAssets1

TotalDeposits1

Insured Deposit Funding and Other Disbursements

Estimated Loss to the DIF2

Date of Closing or Acquisition

Receiver/Assuming Bank and Location

Purchase and Assumption – All Deposits

Fort Lee Federal Savings Bank, FSB

Fort Lee, NJ

SA

882

$48,861

$47,786

$48,938

$18,311

04/20/12

Alma Bank

Astoria, NY

Montgomery Bank & Trust

Ailey, GA

NM

7,153

$153,208

$164,181

$171,459

$75,228

07/06/12

Ameris Bank

Moultrie, GA

Second Federal SLA of Chicago

Chicago, IL

SA

13,801

$190,891

$171,627

$195,896

$76,851

07/20/12

Hinsdale Bank & Trust Company

Hinsdale, IL

Whole Bank Purchase and Assumption – All Deposits

American Eagle Savings Bank

Boothwyn, PA

SA

1,467

$19,259

$17,548

$18,730

$7,027

01/20/12

Capital Bank, N.A.

Rockville, MD

Central Florida State Bank

Belleview, FL

NM

2,433

$71,485

$71,080

$71,596

$30,740

01/20/12

CenterState Bank of Florida, N.A.

Winter Haven, FL

The First State Bank

Stockbridge, GA

NM

32,773

$516,760

$509,065

$509,638

$219,086

01/20/12

Hamilton State Bank

Hoschton, GA

BankEast

Knoxville, TN

SM

7,795

$261,947

$259,571

$249,604

$76,798

01/27/12

U.S. Bank National Association

Cincinnati, OH

First Guaranty Bank & Trust of Jacksonville

Jacksonville, FL

NM

10,733

$397,082

$378,309

$371,225

$89,662

01/27/12

CenterState Bank of Florida, N.A.

Winter Haven, FL

Patriot Bank Minnesota

Forest Lake, MN

NM

4,897

$105,029

$102,833

$100,870

$42,651

01/27/12

First Resource Bank

Savage, MN

Tennessee Commerce Bank

Franklin, TN

NM

12,437

$1,009,154

$1,037,716

$1,056,017

$374,555

01/27/12

Republic Bank & Trust Company

Louisville, KY

Charter National Bank & Trust

Hoffman Estates, IL

N

7,053

$93,894

$89,485

$92,749

$25,974

02/10/12

Barrington Bank & Trust Company, N.A.

Barrington, IL

SCB Bank

Shelbyville, IN

SA

7,848

$182,561

$171,365

$169,673

$41,513

02/10/12

First Merchants Bank, N.A. Muncie, IN

Central Bank of Georgia

Ellaville, GA

NM

9,991

$278,860

$266,589

$262,985

$69,584

02/24/12

Ameris Bank

Moultrie, GA

Global Commerce Bank

Doraville, GA

NM

5,006

$143,678

$116,813

$118,373

$33,001

03/02/12

Metro City Bank

Doraville, GA

Covenant Bank & Trust

Rock Spring, GA

NM

2,340

$95,725

$90,632

$87,210

$38,847

03/23/12

Stearns Bank, N.A.

St. Cloud, MN

Premier Bank

Wilmette, IL

NM

3,097

$268,703

$198,953

$196,298

$64,177

03/23/12

International Bank of Chicago

Chicago, IL

Fidelity Bank

Dearborn, MI

NM

22,179

$818,237

$747,640

$713,322

$96,013

03/30/12

The Huntington National Bank

Columbus, OH

Harvest Bank of Maryland

Gaithersburg, MD

NM

3,174

$163,019

$145,534

$141,811

$28,010

04/27/12

Sonabank

McLean, VA

Inter Savings Bank, FSB D/B/A InterBank, FSB

Maple Grove, MN

SA

13,528

$463,840

$458,053

$456,244

$120,949

04/27/12

Great Southern Bank

Reeds Spring, MO

Palm Desert National Bank

Palm Desert, CA

N

2,905

$129,253

$129,023

$123,485

$30,892

04/27/12

Pacific Premier Bank

Costa Mesa, CA

Plantation Federal Bank

Pawleys Island, SC

SA

13,816

$433,512

$415,943

$420,208

$87,831

04/27/12

First Federal Bank

Charleston, SC

Security Bank, National Association

North Lauderdale, FL

N

2,322

$101,026

$99,067

$99,650

$18,472

05/04/12

Banesco USA

Coral Gables, FL

Alabama Trust Bank, National Association

Sylacauga, AL

N

2,719

$51,553

$45,149

$44,121

$14,065

05/18/12

Southern States Bank

Anniston, AL

Carolina Federal Savings Bank

Charleston, SC

SA

3,458

$54,373

$53,082

$54,557

$20,566

06/08/12

Bank of North Carolina

Thomasville, NC

Farmers’ and Traders’ State Bank

Shabbona, IL

NM

3,010

$43,077

$42,302

$39,719

$13,403

06/08/12

First State Bank

Mendota, IL

First Capital Bank

Kingfisher, OK

NM

2,422

$44,448

$44,828

$47,726

$9,883

06/08/12

F & M Bank

Edmond, OK

Waccamaw Bank

Whiteville, NC

SM

22,381

$533,114

$472,704

$462,747

$60,442

06/08/12

First Community Bank

Bluefield, VA

Putnam State Bank

Palatka, FL

NM

8,035

$169,489

$160,024

$156,122

$43,255

06/15/12

Harbor Community Bank

Indiantown, FL

Security Exchange Bank

Marietta, GA

NM

2,832

$150,962

$147,896

$148,018

$42,430

06/15/12

Fidelity Bank

Atlanta, GA

The Farmers Bank of Lynchburg

Lynchburg, TN

NM

9,293

$163,859

$156,402

$153,177

$35,720

06/15/12

Clayton Bank and Trust

Knoxville, TN

Glasgow Savings Bank

Glasgow, MO

NM

2,176

$22,341

$21,809

$22,627

$3,081

07/13/12

Regional Missouri Bank

Marceline, MO

First Cherokee State Bank

Woodstock, GA

NM

9,617

$209,021

$182,114

$180,780

$40,998

07/20/12

Community & Southern Bank

Atlanta, GA

Georgia Trust Bank

Buford, GA

NM

2,404

$116,890

$114,748

$116,810

$24,782

07/20/12

Community & Southern Bank

Atlanta, GA

Heartland Bank

Leawood, KS

NM

1,965

$96,002

$89,723

$86,811

$7,161

07/20/12

Metcalf Bank

Lees Summit, MO

The Royal Palm Bank of Florida

Naples, FL

NM

2,303

$78,771

$78,876

$78,836

$16,406

07/20/12

First National Bank of the Gulf Coast

Naples, FL

Jasper Banking Company

Jasper, GA

NM

10,984

$206,672

$204,238

$198,872

$62,319

07/27/12

Stearns Bank, N.A

St. Cloud, MN

Waukegan Savings Bank

Waukegan, IL

SB

5,737

$83,679

$73,001

$73,716

$22,435

08/03/12

First Midwest Bank

Itasca, IL

First Commerical Bank

Bloomington, MN

NM

3,642

$215,867

$206,809

$198,028

$65,923

09/07/12

Republic Bank & Trust Company

Louisville, KY

Truman Bank

St. Louis, MO

SM

9,526

$282,338

$245,716

$237,573

$36,710

09/14/12

Simmons First National Bank

Pine Bluff, AR

First United Bank

Crete, IL

NM

23,002

$328,422

$316,877

$321,680

$50,686

09/28/12

Old Plank Trail Community Bank, N.A.

New Lenox, IL

Excel Bank

Sedalia, MO

NM

10,023

$186,113

$173,670

$170,087

$44,297

10/19/12

Simmons First National Bank

Pine Bluff, AR

First East Side Savings Bank

Tamarac, FL

SA

1,242

$65,686

$64,888

$66,403

$12,348

10/19/12

Stearns Bank, N.A.

St. Cloud, MN

GulfSouth Private Bank

Destin, FL

NM

1,896

$139,391

$131,579

$128,540

$38,932

10/19/12

SmartBank

Pigeon Forge, TN

Citizens First National Bank

Princeton, IL

N

59,696

$923,959

$869,440

$840,261

$47,650

11/02/12

Heartland Bank & Trust Company

Bloomington, IL

Heritage Bank of Florida

Lutz, FL

NM

6,664

$225,477

$223,309

$220,586

$67,786

11/02/12

Centennial Bank

Conway, AR

Hometown Community Bank

Braselton, GA

NM

3,158

$124,561

$108,931

$105,207

$39,125

11/16/12

CertusBank, N.A.

Easley, SC

Community Bank of the Ozarks

Sunrise Beach, MO

NM

2,864

$42,816

$41,881

$40,247

$12,415

12/14/12

Bank of Sullivan

Sullivan, MO

Insured Deposit Transfer/Purchase & Assumption

Bank of the Eastern Shore

Cambridge, MD

SM

9,691

$162,460

$150,951

$166,270

$52,968

04/27/12

Federal Deposit Insurance Corporation

Insured Deposit Payoff

Home Savings of America

Little Falls, MN

SA

12,025

$434,111

$432,223

$481,476

$83,646

02/24/12

Federal Deposit Insurance Corporation

New City Bank

Chicago, IL

NM

850

$71,202

$72,399

$78,269

$20,082

03/09/12

Federal Deposit Insurance Corporation

Nova Bank

Berwyn, PA

SB

12,390

$444,710

$395,248

$439,261

$91,238

10/26/12

Federal Deposit Insurance Corporation


1Total Assets and Total Deposits data are based upon the last Call Report filed by the institution prior to failure.

2Estimated losses are as of 12/31/12. Estimated losses are routinely adjusted with updated information from new appraisals and asset sales, which ultimately affect the asset values and projected recoveries. Represents the estimated loss to the DIF from deposit insurance obligations. This amount does not include the estimated loss allocable to the Transaction Account Guarantee and Debt Guarantee Program claims.

Recoveries and Losses by the Deposit Insurance Fund on Disbursements for the Protection of Depositors, 1934 – 2012
Dollars in Thousands

Bank and Thrift Failures1

Year2

Number of Banks/
Thrifts

Total Assets3

Total Deposits3

Insured Deposit Funding and Other Disbursements

Recoveries

Estimated Additional Recoveries

Estimated Losses

 

2,560

$925,620,900

$695,536,729

$572,325,121

$395,365,464

$54,971,765

$121,987,892

2012

51

11,617,348

11,009,630

11,034,508

499,565

7,788,019

2,746,924

2011

92

34,922,997

31,071,862

31,686,966

2,230,090

20,693,288

8,763,588

20104

157

92,084,987

78,290,185

82,210,860

50,082,606

10,796,927

21,331,327

20094

140

169,709,160

137,783,121

135,926,307

86,969,627

12,869,470

36,087,210

20084

25

371,945,480

234,321,715

205,447,245

183,261,881

2,279,073

19,906,291

2007

3

2,614,928

2,424,187

1,917,998

1,369,413

322,914

225,671

2006

0

0

0

0

0

0

0

2005

0

0

0

0

0

0

0

2004

4

170,099

156,733

138,926

134,978

31

3,917

2003

3

947,317

901,978

883,772

812,933

8,192

62,647

2002

11

2,872,720

2,512,834

2,127,047

1,704,030

7,556

415,461

2001

4

1,821,760

1,661,214

1,605,249

1,128,577

184,367

292,305

2000

7

410,160

342,584

297,313

265,175

0

32,138

1999

8

1,592,189

1,320,573

1,307,260

711,758

5,583

589,919

1998

3

290,238

260,675

292,691

58,248

11,644

222,799

1997

1

27,923

27,511

25,546

20,520

0

5,026

1996

6

232,634

230,390

201,533

140,918

0

60,615

1995

6

802,124

776,387

609,043

524,571

0

84,472

1994

13

1,463,874

1,397,018

1,224,769

1,045,718

0

179,051

1993

41

3,828,939

3,509,341

3,841,658

3,209,012

0

632,646

1992

120

45,357,237

39,921,310

14,541,102

10,866,760

309

3,674,033

1991

124

64,556,512

52,972,034

21,499,326

15,500,130

4,392

5,994,804

1990

168

16,923,462

15,124,454

10,812,484

8,040,995

0

2,771,489

1989

206

28,930,572

24,152,468

11,443,281

5,247,995

0

6,195,286

1988

200

38,402,475

26,524,014

10,432,655

5,055,158

0

5,377,497

1987

184

6,928,889

6,599,180

4,876,994

3,014,502

0

1,862,492

1986

138

7,356,544

6,638,903

4,632,121

2,949,583

0

1,682,538

1985

116

3,090,897

2,889,801

2,154,955

1,506,776

0

648,179

1984

78

2,962,179

2,665,797

2,165,036

1,641,157

0

523,879

1983

44

3,580,132

2,832,184

3,042,392

1,973,037

0

1,069,355

1982

32

1,213,316

1,056,483

545,612

419,825

0

125,787

1981

7

108,749

100,154

114,944

105,956

0

8,988

1980

10

239,316

219,890

152,355

121,675

0

30,680

1934 - 1979

558

8,615,743

5,842,119

5,133,173

4,752,295

0

380,878

Assistance Transactions

Year2

Number of Banks/
Thrifts

Total Assets3

Total Deposits3

Insured Deposit Funding and Other Disbursements

Recoveries

Estimated Additional Recoveries

Estimated Losses

 

154

$3,317,099,253

$1,442,173,417

$11,630,356

$6,199,875

$0

$5,430,481

2012

0

0

0

0

0

0

0

2011

0

0

0

0

0

0

0

2010

0

0

0

0

0

0

0

20095

8

1,917,482,183

1,090,318,282

0

0

0

0

20085

5

1,306,041,994

280,806,966

0

0

0

0

2007

0

0

0

0

0

0

0

2006

0

0

0

0

0

0

0

2005

0

0

0

0

0

0

0

2004

0

0

0

0

0

0

0

2003

0

0

0

0

0

0

0

2002

0

0

0

0

0

0

0

2001

0

0

0

0

0

0

0

2000

0

0

0

0

0

0

0

1999

0

0

0

0

0

0

0

1998

0

0

0

0

0

0

0

1997

0

0

0

0

0

0

0

1996

0

0

0

0

0

0

0

1995

0

0

0

0

0

0

0

1994

0

0

0

0

0

0

0

1993

0

0

0

0

0

0

0

1992

2

33,831

33,117

1,486

1,236

0

250

1991

3

78,524

75,720

6,117

3,093

0

3,024

1990

1

14,206

14,628

4,935

2,597

0

2,338

1989

1

4,438

6,396

2,548

252

0

2,296

1988

80

15,493,939

11,793,702

1,730,351

189,709

0

1,540,642

1987

19

2,478,124

2,275,642

160,877

713

0

160,164

1986

7

712,558

585,248

158,848

65,669

0

93,179

1985

4

5,886,381

5,580,359

765,732

406,676

0

359,056

1984

2

40,470,332

29,088,247

5,531,179

4,414,904

0

1,116,275

1983

4

3,611,549

3,011,406

764,690

427,007

0

337,683

1982

10

10,509,286

9,118,382

1,729,538

686,754

0

1,042,784

1981

3

4,838,612

3,914,268

774,055

1,265

0

772,790

1980

1

7,953,042

5,001,755

0

0

0

0

1934 - 1979

4

1,490,254

549,299

0

0

0

0


1Institutions closed by the FDIC, including deposit payoff, insured deposit transfer, and deposit assumption cases.

2For 1990 through 2005, amounts represent the sum of BIF and SAIF failures (excluding those handled by the RTC); prior to 1990, figures are only for the BIF. After 1995, all thrift closings became the responsibility of the FDIC and amounts are reflected in the SAIF. For 2006 to 2012, figures are for the DIF.

3Assets and deposit data are based on the last Call Report or TFR filed before failure.

4Includes amounts related to transaction account coverage under the Transaction Account Guarantee Program (TAG). The estimated losses as of 12/31/10 for TAG accounts in 2010, 2009, and 2008 are $519 million, $1,526 million, and $15 million, respectively.

5Includes institutions where assistance was provided under a systemic risk determination. Any costs that exceed the amounts estimated under the least cost resolution requirement would be recovered through a special assessment on all FDIC-insured institutions.


Last Updated 07/10/2013 communications@fdic.gov