|
FDIC Banking Review
Table 4.
Comparison of Bank Supervisory Costs
Current Funding versus Funding by the Deposit Insurance Funds, June 2002 |
|
| Bank of America (OCC)
| Citibank (OCC)
| SunTrust Bank (GA)
| BB&T (NC)
| Average Community Bank ª
|
| Assets ($Millions) |
$562,116 |
$487,074 |
$105,158 |
$58,156 |
$139 |
Domestic Deposits (DD)
($Millions) |
$326,230 |
$103,347 |
$69,028 |
$33,082 |
$114 |
| DD/Assets |
58% |
21% |
66% |
57% |
82% |
| Annual Assessment Cost: |
|
|
|
|
OCC: $51,982 |
| Assets—rates set by |
|
|
|
|
GA: $24,819 |
| chartering authority |
$38,928,315 |
$33,974,793 |
$4,205,479 |
$1,982,180 |
NC: $16,680 |
| DD (1.9 bp) |
$61,983,700 |
$19,635,930 |
$13,115,320 |
$6,285,580 |
$21,660 |
| Incidence of Change in |
|
|
|
|
OCC: ($30,322) |
| Funding Base |
$23,055,385 |
($14,338,863) |
$8,909,841 |
$4,303,400 |
GA: ($3,159)
NC: $4,980 |
| Percent change |
59% |
-42% |
212% |
217% |
OCC: -58%
GA: -13%
NC: (30%) |
| Source: Data on deposits and assets are from the FDIC Call Reports and FDIC (2002b). Supervisory assessment schedules are from OCC (2002) and CSBS (2002). The calculations are approximations that do not reflect all the nuances inherent in the respective assessment schedules. ª"Average community bank" represents the weighted average of all banks with $1 billion or less in assets. |
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