2017 Annual Report
VI. APPENDICES
A. KEY STATISTICS
2017 | 2016 | 2015 | |
---|---|---|---|
Deposit Insurance | 12 | 7 | 5 |
Approved1 | 12 | 7 | 5 |
Denied | 0 | 0 | 0 |
New Branches | 500 | 507 | 548 |
Approved | 500 | 507 | 548 |
Denied | 0 | 0 | 0 |
Mergers | 218 | 245 | 270 |
Approved | 218 | 245 | 270 |
Denied | 0 | 0 | 0 |
Requests for Consent to Serve2 | 104 | 167 | 240 |
Approved | 104 | 164 | 239 |
Section 19 | 1 | 9 | 7 |
Section 32 | 103 | 155 | 232 |
Denied | 0 | 3 | 1 |
Section 19 | 0 | 0 | 0 |
Section 32 | 0 | 3 | 1 |
Notices of Change in Control | 17 | 14 | 20 |
Letters of Intent Not to Disapprove | 17 | 14 | 20 |
Disapproved | 0 | 0 | 0 |
Brokered Deposit Waivers | 12 | 14 | 20 |
Approved | 11 | 13 | 20 |
Denied | 1 | 1 | 0 |
Savings Association Activities | 1 | 0 | 1 |
Approved | 1 | 0 | 1 |
Denied | 0 | 0 | 0 |
State Bank Activities/Investments3 | 2 | 5 | 10 |
Approved | 2 | 5 | 10 |
Denied | 0 | 0 | 0 |
Conversion of Mutual Institutions | 5 | 5 | 4 |
Non-Objection | 5 | 5 | 4 |
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.
3Section 24 of the FDI Act, in general, prohibits 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.
2017 | 2016 | 2015 | |
---|---|---|---|
Total Number of Actions Initiated by the FDIC | 231 | 259 | 268 |
Termination of Insurance | 9 | 5 | 11 |
Involuntary Termination | 0 | 0 | 0 |
Sec. 8a For Violations, Unsafe/Unsound Practices or Conditions | 0 | 0 | 0 |
Voluntary Termination | 9 | 5 | 11 |
Sec. 8a By Order Upon Request | 0 | 0 | 0 |
Sec. 8p No Deposits | 8 | 5 | 6 |
Sec. 8q Deposits Assumed | 1 | 0 | 5 |
Sec. 8b Cease-and-Desist Actions | 26 | 30 | 48 |
Notices of Charges Issued | 0 | 2 | 3 |
Orders to Pay Restitution | 4 | 0 | 9 |
Consent Orders | 14 | 26 | 36 |
Personal Cease and Desist Orders | 8 | 2 | 0 |
Sec. 8e Removal/Prohibition of Director or Officer | 65 | 97 | 88 |
Notices of Intention to Remove/Prohibit | 7 | 8 | 4 |
Consent Orders | 58 | 89 | 84 |
Sec. 8g Suspension/Removal When Charged With Crime | 0 | 0 | 0 |
Civil Money Penalties Issued | 47 | 37 | 45 |
Sec. 7a Call Report Penalties | 0 | 0 | 0 |
Sec. 8i Civil Money Penalties | 42 | 34 | 36 |
Sec. 8i Civil Money Penalty Notices of Assessment | 5 | 3 | 9 |
Sec. 10c Orders of Investigation | 9 | 10 | 19 |
Sec. 19 Waiver Orders | 71 | 72 | 51 |
Approved Section 19 Waiver Orders | 71 | 72 | 51 |
Denied Section 19 Waiver Orders | 0 | 0 | 0 |
Sec. 32 Notices Disapproving Officer/Director’s Request for Review | 0 | 1 | 0 |
Truth-in-Lending Act Reimbursement Actions | 135 | 83 | 64 |
Denials of Requests for Relief | 0 | 0 | 0 |
Grants of Relief | 0 | 0 | 0 |
Banks Making Reimbursement* | 135 | 83 | 64 |
Suspicious Activity Reports (Open and closed institutions)* | 182,647 | 222,836 | 189,505 |
Other Actions Not Listed | 4 | 7 | 6 |
*These actions do not constitute the initiation of a formal enforcement action and, therefore, are not included in the total number of actions initiated.
Deposits in Insured Institutions2 |
Insurance Fund as a Percentage of |
||||||
---|---|---|---|---|---|---|---|
Year | Insurance Coverage2 |
Total Domestic Deposits |
Est. Insured Deposits |
Percentage of Domestic Deposits |
Deposit Insurance Fund |
Total Domestic Deposits |
Est. Insured Deposits |
2017 | $250,000 | $11,963,382 | $7,091,993 | 59.3 | $90,505.9 | 0.76 | 1.28 |
2016 | 250,000 | 11,691,575 | 6,914,305 | 59.1 | 83,161.5 | 0.71 | 1.2 |
2015 | 250,000 | 10,950,122 | 6,522,388 | 59.6 | 72,600.2 | 0.66 | 1.11 |
2014 | 250,000 | 10,408,187 | 6,196,472 | 59.5 | 62,780.2 | 0.6 | 1.01 |
2013 | 250,000 | 9,825,479 | 5,998,238 | 61.0 | 47,190.8 | 0.48 | 0.79 |
2012 | 250,000 | 9,474,720 | 7,402,053 | 78.1 | 32,957.8 | 0.35 | 0.45 |
2011 | 250,000 | 8,782,291 | 6,973,483 | 79.4 | 11,826.5 | 0.13 | 0.17 |
2010 | 250,000 | 7,887,858 | 6,301,542 | 79.9 | (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 | 7,505,408 | 4,750,783 | 63.3 | 17,276.3 | 0.23 | 0.36 |
2007 | 100,000 | 6,921,678 | 4,292,211 | 62 | 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 | 6,229,753 | 3,890,930 | 62.5 | 48,596.6 | 0.78 | 1.25 |
2004 | 100,000 | 5,724,621 | 3,622,059 | 63.3 | 47,506.8 | 0.83 | 1.31 |
2003 | 100,000 | 5,223,922 | 3,452,497 | 66.1 | 46,022.3 | 0.88 | 1.33 |
2002 | 100,000 | 4,916,078 | 3,383,598 | 68.8 | 43,797.0 | 0.89 | 1.29 |
2001 | 100,000 | 4,564,064 | 3,215,581 | 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 | 0.6 | 0.8 |
1987 | 100,000 | 2,198,648 | 1,657,291 | 75.4 | 18,301.8 | 0.83 | 1.1 |
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 | 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 | 0.8 | 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 | 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 | 0.8 | 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 | 0.8 | 1.45 |
1964 | 10,000 | 348,981 | 191,787 | 55 | 2,844.7 | 0.82 | 1.48 |
1963 | 10,000 | 313,304 | 177,381 | 56.6 | 2,667.9 | 0.85 | 1.5 |
1962 | 10,000 | 297,548 | 170,210 | 57.2 | 2,502.0 | 0.84 | 1.47 |
1961 | 10,000 | 281,304 | 160,309 | 57 | 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 | 1.7 |
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 |
1For 2017, figures are as of September 30; all other 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 the sum of the BIF and Savings Association Insurance Fund (SAIF) amounts; for 2006 to 2017, figures are for DIF. Amounts for 1989-2017 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.
2The 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 | 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 | $242,293.1 | $175,595.0 | $11,392.9 | $78,091.0 | $149,306.1 | $108,291.2 | $31,549.0 | $9,466.0 | $139.5 | $93,126.5 | |
2017 | 11,663.7 | 10,594.8 | 0.0 | 1,068.9 | 0.0717% | 1,558.2 | (183.1) | 1,739.4 | 2.0 | 0 | 10,105.5 |
2016 | 10,674.1 | 9,986.6 | 0.0 | 687.5 | 0.0699% | 150.6 | (1,567.9) | 1,715.0 | 3.5 | 0 | 10,523.5 |
2015 | 9,303.5 | 8,846.8 | 0.0 | 456.7 | 0.0647% | (553.2) | (2,251.3) | 1,687.2 | 10.9 | 0 | 9,856.7 |
2014 | 8,965.1 | 8,656.1 | 0.0 | 309.0 | 0.0663% | (6,634.7) | (8,305.5) | 1,664.3 | 6.5 | 0 | 15,599.8 |
2013 | 10,458.9 | 9,734.2 | 0.0 | 724.7 | 0.0775% | (4,045.9) | (5,659.4) | 1,608.7 | 4.8 | 0 | 14,504.8 |
2012 | 18,522.3 | 12,397.2 | 0.2 | 6,125.3 | 0.1012% | (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 | 0.1115% | (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) |
1The 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 average assessment base. Figures represent only BIF-insured institutions prior to 1990, and BIF- and SAIF-insured institutions from 1990 through 2005. After 1995, all thrift closings became the responsibility of the FDIC and amounts are reflected in the SAIF. Beginning in 2006, figures are for the DIF.
The annualized assessment rate for 2017 is based on full year assessment income divided by a four quarter average of 2017 quarterly assessment base amounts. The assessment base for fourth quarter 2017 was estimated using the third quarter 2017 assessment base and an assumed quarterly growth rate of one percent.
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 on page 91 of this report shows 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.
The annualized assessment rate for 2017 is based on full year assessment income divided by a four quarter average of 2017 quarterly assessment base amounts. The assessment base for fourth quarter 2017 was estimated using the third quarter 2017 assessment base and an assumed quarterly growth rate of one percent.
1934 – 1949 | The statutory assessment rate was 0.0833 percent. |
---|---|
1950 – 1984 | The effective assessment rates varied from the statutory rate of 0.0833 percent due to assessment credits provided in those years. |
1985 – 1989 | The statutory assessment rate was 0.0833 percent (no credits were given). |
1990 | The statutory rate increased to 0.12 percent. |
1991 – 1992 | The statutory rate increased to a minimum of 0.15 percent. The effective rates in 1991 and 1992 varied because the FDIC exercised new authority to increase assessments above the statutory minimum rate when needed. |
1993 – 2006 | 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. |
2007 – 2008 | 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. |
2009 – 2011 | For the first quarter of 2009, assessment rates were increased to a range of 0.12 percent to 0.50 percent of assessable deposits. 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 insured 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. From the second quarter of 2009 through the first quarter of 2011, initial assessment rates ranged between 0.12 percent and 0.45 percent of assessable deposits. Initial rates are subject to further adjustments. |
2011 – 2016 | 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 percent 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 shown in the table). |
2016 | Beginning July 1, 2016, initial assessment rates were lowered from a range of 5 basis points to 35 basis points to a range of 3 basis points to 30 basis points, and an additional surcharge was imposed on large banks (generally institutions with $10 billion or more in assets) of 4.5 basis points of their assessment base (after making adjustments). |
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 |
Bank Class |
Number of Deposit Accounts |
Total Assets1 |
Total Deposits1 |
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 | ||||||||
First NBC Bank New Orleans, LA |
NM | 53,549 | $3,325,870 | $3,032,208 | $2,966,960 | $826,903 | 04/28/17 | Whitney Bank Gulfport, MS |
Guaranty Bank Milwaukee, WI |
SA | 287,742 | $1,031,900 | $1,002,026 | $988,104 | $143,423 | 05/05/17 | First-Citizens Bank & Trust Company Raleigh, NC |
Fayette County Bank Saint Elmo, IL |
SM | 1,257 | $34,370 | $33,972 | $32,625 | $9,015 | 05/26/17 | United Fidelity Bank, FSB Evansville, IN |
Insured Deposit Transfer | ||||||||
Washington Federal Bank for Savings Chicago, IL |
SA | 2,593 | $166,345 | $143,964 | $137,509 | $60,511 | 12/15/17 | Royal Savings Bank Chicago, IL |
Whole Bank Purchase and Assumption - All Deposits | ||||||||
Harvest Community Bank Pennsville, NJ | NM | 7,083 | $124,223 | $122,177 | $122,425 | $22,689 | 01/13/17 | First-Citizens Bank & Trust Company Raleigh, NC |
Seaway Bank and Trust Company Chicago, IL |
NM | 19,239 | $297,809 | $256,505 | $244,633 | $55,465 | 01/27/17 | State Bank of Texas Dallas, TX |
Proficio Bank Cottonwood Heights, UT |
NM | 253 | $68,208 | $65,042 | $57,157 | $11,763 | 03/03/17 | Cache Valley Bank Logan, UT |
The Farmers and Merchants State Bank of Argonia Argonia, KS |
NM | 1,407 | $33,012 | $27,466 | $27,411 | $2,595 | 10/13/17 | Conway Bank Conway Springs, KS |
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 December 31, 2017. 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.
Bank and Thrift Failures1 | |||||||
---|---|---|---|---|---|---|---|
Year2 | Number of Banks/ Thrifts |
Total Assets3 |
Total Deposits3 |
Funding4 |
Recoveries5 | Estimated Additional Recoveries | Final and Estimated Losses6 |
Total | 2,623 | $946,643,412 | $713,234,800 | $586,955,906 | $415,743,180 | $64,090,944 | $107,121,782 |
2017 | 8 | 5,081,737 | 4,683,360 | 4,576,824 | 1,372,516 | 2,071,944 | 1,132,364 |
2016 | 5 | $277,182 | $268,516 | 261,476 | 0 | 214,362 | 47,114 |
2015 | 8 | 6,706,038 | 4,870,464 | 4,561,973 | 743,513 | 2,951,918 | 866,542 |
2014 | 18 | 2,913,503 | 2,691,485 | 2,681,159 | 455,889 | 1,833,025 | 392,245 |
2013 | 24 | 6,044,051 | 5,132,246 | 5,020,975 | 273,511 | 3,499,492 | 1,247,972 |
2012 | 51 | 11,617,348 | 11,009,630 | 11,039,374 | 1,722,978 | 6,854,792 | 2,461,604 |
2011 | 92 | 34,922,997 | 31,071,862 | 30,710,664 | 3,217,179 | 20,989,325 | 6,504,160 |
20107 | 157 | 92,084,988 | 78,290,185 | 82,305,089 | 55,641,718 | 10,307,410 | 16,355,961 |
20097 | 140 | 169,709,160 | 137,835,121 | 136,081,390 | 95,397,606 | 13,759,165 | 26,924,619 |
20087 | 25 | 371,945,480 | 234,321,715 | 205,833,992 | 184,490,213 | 3,182,784 | 18,160,995 |
2007 | 3 | 2,614,928 | 2,424,187 | 1,920,667 | 1,461,932 | 296,884 | 161,851 |
2006 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2005 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2004 | 4 | 170,099 | 156,733 | 139,236 | 134,978 | 341 | 3,917 |
2003 | 3 | 947,317 | 901,978 | 883,772 | 812,933 | 8,192 | 62,647 |
2002 | 11 | 2,872,720 | 2,512,834 | 1,567,805 | 1,711,173 | (493,685) | 350,317 |
2001 | 4 | 1,821,760 | 1,661,214 | 21,131 | 1,138,677 | (1,410,011) | 292,465 |
2000 | 7 | 410,160 | 342,584 | 297,313 | 265,175 | 0 | 32,138 |
1999 | 8 | 1,592,189 | 1,320,573 | 1,308,225 | 711,758 | 9,324 | 587,143 |
1998 | 3 | 290,238 | 260,675 | 292,921 | 58,248 | 11,819 | 222,854 |
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 | 14,541,476 | 10,866,760 | 567 | 3,674,149 |
1991 | 124 | 64,556,512 | 52,972,034 | 21,501,145 | 15,496,730 | 4,128 | 6,000,287 |
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 Transactions1 | |||||||
---|---|---|---|---|---|---|---|
Year2 | Number of Banks/ Thrifts |
Total Assets3 |
Total Deposits3 |
Funding4 | Recoveries5 | Estimated Additional Recoveries |
Final and Estimated Losses6 |
Total | 154 | $3,317,099,253 | $1,442,173,417 | $11,630,356 | $6,199,875 | $0 | $5,430,481 |
2017 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2016 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2015 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2014 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2013 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2012 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2011 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
2010 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
20098 | 8 | 1,917,482,183 | 1,090,318,282 | 0 | 0 | 0 | 0 |
20088 | 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 for which the FDIC is appointed receiver, 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 2015, figures are for the DIF.
3Assets and deposit data are based on the last Call Report or TFR filed before failure.
4Funding represents the amounts provided by the DIF to receiverships for subrogated claims, advances for working capital, and administrative expenses paid on their behalf. Beginning in 2008, the DIF resolves failures using whole-bank purchase and assumption transactions, most with an accompanying shared-loss agreement (SLA). The DIF satisfies any resulting liabilities by offsetting receivables from resolutions when receiverships declare a dividend and/or sending cash directly to receiverships to fund an SLA and other expenses.
5Recoveries represent cash received and dividends (cash and non-cash) declared by receiverships.
6Final losses represent actual losses for unreimbursed subrogated claims of inactivated receiverships. Estimated losses represent the difference between the amount paid by the DIF to cover obligations to insured depositors and the estimated recoveries from the liquidation of receivership assets.
7Includes amounts related to transaction account coverage under the Transaction Account Guarantee Program (TAG). The estimated losses as of December 31, 2017, for TAG accounts in 2010, 2009, and 2008 are $378 million, $1.1 billion, and $13 million, respectively.
8Includes institutions where assistance was provided under a systemic risk determination.
Year | Number of Institutions |
Assets | Deposits | Final Receivership Loss2 | Loss to Funds3 |
---|---|---|---|---|---|
Total | 748 | $393,986,574 | $318,328,770 | $75,977,846 | $81,581,578 |
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 | 5,708,253 | 267,595 | 65,212 |
1992 | 59 | 44,196,946 | 34,773,224 | 3,286,908 | 3,832,145 |
1991 | 144 | 78,898,904 | 65,173,122 | 9,235,967 | 9,734,263 |
1990 | 213 | 129,662,498 | 98,963,962 | 16,062,685 | 19,257,578 |
19894 | 318 | 134,519,630 | 113,168,009 | 47,085,027 | 48,649,684 |
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 Final Receivership Loss represents 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 Fund represents the total resolution cost of the failed thrifts in the FRF-RTC fund. In addition to the receivership losses, this includes corporate revenue and expense items such as interest expense on Federal Financing Bank debt, interest expense on escrowed funds, administrative expenses, and interest revenue on advances to receiverships.
4Total for 1989 excludes nine failures of the former FSLIC.