Selected Financial Data - Fourth Quarter 2020
Dec-20 | Sep-19 | Quarterly Change | Dec-19 | Year-Over-Year Change | |
|---|---|---|---|---|---|
| FSLIC Resolution Fund | |||||
| Cash and cash equivalents | $907 | $907 | $0 | $923 | ($16) |
| Accumulated deficit | (124,562) | (124,562) | 0 | (124,566) | 4 |
| Total resolution equity | 907 | 907 | 0 | 923 | (16) |
| Total revenue | 4 | 4 | 0 | 20 | (16) |
| Operating expenses | 0 | 0 | 0 | 1 | (1) |
| Recovery of tax benefits | 0 | 0 | 0 | (1) | 1 |
| Losses related to thrift resolutions | 0 | 0 | 0 | 0 | 0 |
| Net Income (Loss) | $4 | $4 | $0 | $21 | ($17) |
| $ in millions | DIF | FRF | ALL FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|---|
Dec 20 | Dec 19 | Change | Dec 20 | Dec 19 | Change | Dec 20 | Dec 19 | Change | |
| Total Receiverships | 234 | 248 | (14) | 0 | 0 | 0 | 234 | 248 | (14) |
| Assets in Liquidation | $282 | $524 | ($242) | $1 | $0 | $1 | $283 | $524 | ($241) |
| YTD Collections | $512 | $1,341 | ($829) | $1 | $2 | ($1) | $513 | $1,343 | ($830) |
| YTD Dividend/Other Pmts - Cash | $1,433 | $1,675 | ($242) | $0 | $0 | $0 | $1,433 | $1,675 | ($242) |
Active Receiverships | Terminated Receiverships | Total Financial Institution Failures | |
|---|---|---|---|
| 2007 | 1 | 2 | 3 |
| 2008 | 18 | 7 | 25 |
| 2009 | 73 | 67 | 140 |
| 2010 | 71 | 86 | 157 |
| 2011 | 28 | 64 | 92 |
| 2012 | 20 | 31 | 51 |
| 2013 | 5 | 19 | 24 |
| 2014 | 3 | 15 | 18 |
| 2015 | 2 | 6 | 8 |
| 2016 |
| 5 | 5 |
| 2017 | 5 | 3 | 8 |
| 2018 | 0 | 0 | 0 |
| 2019 | 4 |
| 4 |
| 2020 | 4 |
| 4 |
The FDIC, as receiver, manages failed banks with the goal of expeditiously winding up ther affairs. The oversight and prompt termination of receiverships help to preserve value for the uninsured depositors and other creditors by reducing overhead and other holding costs. Once the assets of a failed institution have been sold, the final distribution of any proceeds is made and the FDIC terminates the receivership. As of December 31, 2020, the FDIC has terminated 305 receiverships (or 57 percent) of the 539 receiverships created from 2007 through 2020.