|
2005
Annual Report
VI. Appendix A – Key Statistics
Number,
Assets, Deposits, Losses, and Loss to Funds of Insured Thrifts
Taken Over or
Closed Because of Financial Difficulties, 1989 through 20051
(Dollars in Thousands) |
| Year 2 |
Total |
Assets |
Deposits |
Estimated
Receivership Loss 3 |
Loss
to Funds 4 |
| Total |
754 |
397,387,643 |
320,186,773 |
75,471,820 |
82,009,786 |
| 2005 |
0 |
0 |
0 |
0 |
0 |
| 2004 |
1 |
15,346 |
13,005 |
0 |
0 |
| 2003 |
0 |
0 |
0 |
0 |
0 |
| 2002 |
1 |
50,246 |
50,542 |
973 |
973 |
| 2001 |
1 |
2,179,783 |
1,670,802 |
338,694 |
338,694 |
| 2000 |
1 |
29,530 |
28,583 |
1,322 |
1,322 |
| 1999 |
1 |
62,956 |
63,427 |
1,195 |
1,194 |
| 1998 |
0 |
0 |
0 |
0 |
0 |
| 1997 |
0 |
0 |
0 |
0 |
0 |
| 1996 |
1 |
32,576 |
32,745 |
21,921 |
21,921 |
| 1995 |
2 |
423,819 |
414,692 |
28,192 |
27,750 |
| 1994 |
2 |
136,815 |
127,508 |
11,472 |
14,599 |
| 1993 |
10 |
7,178,794 |
5,708,253 |
267,595 |
65,212 |
| 1992 |
59 |
44,196,946 |
34,773,224 |
3,237,913 |
3,772,356 |
| 1991 |
144 |
78,898,804 |
65,173,122 |
8,635,366 |
9,086,672 |
| 1990 |
213 |
129,662,398 |
98,963,961 |
16,064,160 |
19,257,844 |
| 1989 5 |
318 |
134,519,630 |
113,166,909 |
46,863,017 |
49,421,249 |
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
six 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. |
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