Income and Expenses, Savings Association Insurance
Fund, by Year, from Beginning of Operations, August 9, 1989, through December 31, 2000 |
Dollars in Thousands |
Income |
Year |
Total |
Assessment Income |
Investment and Other Sources |
Effective Assessment Rate |
Total |
$11,472,537 |
$8,568,804 |
$2,903,733 |
empty cell |
2000 |
664,080 |
19,237 |
644,843 |
0.002% |
1999 |
600,995 |
15,116 |
585,879 |
0.002% |
1998 |
583,859 |
15,352 |
568,507 |
0.002% |
1997 |
549,912 |
13,914 |
535,998 |
0.004% |
1996 |
5,501,684 |
5,221,560 |
280,124 |
0.204% |
1995 |
1,139,916 |
970,027 |
169,889 |
0.234% |
1994 |
1,215,289 |
1,132,102 |
83,187 |
0.244% |
1993 |
923,516 |
897,692 |
25,824 |
0.250% |
1992 |
178,643 |
172,079 |
6,564 |
0.230% |
1991 |
96,446 |
93,530 |
2,916 |
0.230% |
1990 |
18,195 |
18,195 |
0 |
0.208% |
1989 |
2 |
0 |
2 |
0.208% |
Income and Expenses, Savings Association Insurance
Fund, by Year, from Beginning of Operations, August 9, 1989, through December 31, 2000
(continued) |
Dollars in Thousands |
Expenses and Losses |
Year |
Total |
Provision for Losses |
Interest & Other Ins. Expenses |
Administrative and Operating Expenses |
Funding Transfer from the FSLIC
Resolution Fund |
Net Income |
Total |
$935,557 |
$264,630 |
$9,660 |
$661,267 |
$139,498 |
$10,676,478 |
2000 |
300,018 |
180,805 |
8,293 |
110,920 |
0 |
364,062 |
1999 |
124,156 |
30,648 |
626 |
92,882 |
0 |
476,839 |
1998 |
116,629 |
31,992 |
9 |
84,628 |
0 |
467,230 |
1997 |
69,986 |
(1,879) |
0 |
71,865 |
0 |
479,926 |
1996 |
(28,890) |
(91,636) |
128 |
62,618 |
0 |
5,530,574 |
1995 |
(281,216) |
(321,000) |
0 |
39,784 |
0 |
1,421,132 |
1994 |
434,303 |
414,000 |
0 |
20,303 |
0 |
780,986 |
1993 |
46,814 |
16,531 |
0 |
30,283 |
0 |
876,702 |
1992 |
28,982 |
(14,945) |
(5) |
43,932 |
35,446 |
185,107 |
1991 |
63,085 |
20,114 |
609 |
42,362 |
42,362 |
75,723 |
1990 |
56,088 |
0 |
0 |
56,088 |
56,088 |
18,195 |
1989 |
5,602 |
0 |
0 |
5,602 |
5,602 |
2 |
Name and Location |
Bank Class |
Number of Deposit Accounts |
Total Assets |
Total Deposits |
FDIC Disburse- ments |
Estimated Loss 1
| Date of Closing or Acquisition |
Assuming Bank and Location |
Bank Insurance Fund |
Purchase and Assumption - All Deposits |
Monument National Bank Ridgecrest, CA |
N |
743 |
$10,333 |
$10,116 |
$10,117 |
$748 |
06/02/00 |
Israel Discount Bank New York, NY |
Purchase and Assumption - Insured Deposits |
Hartford-Carlisle Savings Bank Carlisle, IA |
NM |
7,700 |
$113,313 |
$71,337 |
$70,488 |
$11,127 |
01/14/00 |
Citizens Bank Carlisle, IA |
Town and Country Bank of Almelund Almelund, MN |
NM |
4,900 |
$24,503 |
$25,657 |
$25,658 |
$3,605 |
07/14/00 |
S&C Bank of Minnesota Almelund, MN |
Bank of Honolulu Honolulu, HI |
NM |
5,900 |
$61,247 |
$58,202 |
$56,727 |
$2,500 |
10/13/00 |
Bank of the Orient San Francisco,CA |
Insured Deposit Transfer - Asset Purchase |
The Bank of Falkner Falkner, MS |
NM |
5,827 |
$75,681 |
$72,534 |
$67,055 |
$12,700 |
09/29/00 |
Citizens Bank & Savings Company Russelville, AL |
National State Bank of Metropolis Metropolis, IL |
N |
8,157 |
$93,011 |
$74,104 |
$71,645 |
$8,000 |
12/14/00 |
Banterra Bank Marion, IL |
Savings Association Insurance Fund |
Purchase and Assumption - All Deposits |
Mutual Federal Savings Bank of Atlanta Atlanta, GA |
SB |
6,023 |
$29,530 |
$28,583 |
$28,583 |
$1,402 |
03/10/00 |
Citizens Trust Bank Atlanta, GA |
Codes for Bank Class:
NM = State-chartered bank that is not a member of the Federal Reserve System
N = National Bank
SB = Savings Bank
1 Estimated losses are as of 12/31/00. Estimated losses
are routinely adjusted with updated information from new appraisals and asset sales, which
ultimately affect the asset values and projected recoveries. |
Estimated Insured
Deposits and the Savings Association Insurance Fund,
December 31, 1989, through December 31, 2000 |
|
Deposits in Insured Institutions (Dollars in Millions) |
Insurance Fund as a Percentage of |
Year 1 |
Insurance Coverage |
Total Domestic Deposits |
Est. Insured 2 Deposits |
Percentage of Insured Deposits |
Deposit Insurance Fund |
Total Domestic Deposits |
Est. Insured Deposits |
2000 |
$100,000 |
$822,610 |
$752,756 |
91.5 |
$10,758.6 |
1.31 |
1.43 |
1999 |
100,000 |
$764,359 |
$711,345 |
93.1 |
$10,280.7 |
1.35 |
1.45 |
1998 |
100,000 |
751,413 |
708,959 |
94.4 |
9,839.8 |
1.31 |
1.39 |
1997 |
100,000 |
721,503 |
690,132 |
95.7 |
9,368.3 |
1.30 |
1.36 |
1996 |
100,000 |
708,749 |
683,090 |
96.4 |
8,888.4 |
1.25 |
1.30 |
1995 |
100,000 |
742,547 |
711,017 |
95.8 |
3,357.8 |
0.45 |
0.47 |
1994 |
100,000 |
720,823 |
692,626 |
96.1 |
1,936.7 |
0.27 |
0.28 |
1993 |
100,000 |
726,473 |
695,158 |
95.7 |
1,155.7 |
0.16 |
0.17 |
1992 |
100,000 |
760,902 |
729,458 |
95.9 |
279.0 |
0.04 |
0.04 |
1991 |
100,000 |
810,664 |
776,351 |
95.8 |
93.9 |
0.01 |
0.01 |
1990 |
100,000 |
874,738 |
830,028 |
94.9 |
18.2 |
0.00 |
0.00 |
1989 |
100,000 |
948,144 |
882,920 |
93.1 |
0.0 |
0.00 |
0.00 |
1 Starting in 1990, deposits in insured institutions exclude those
deposits held by Savings Association Insurance Fund members that are insured by the Bank
Insurance Fund and include those deposits held by Bank Insurance Fund members that are
insured by the Savings Association Insurance Fund.
2 Estimated insured deposits reflect deposit information as reported in the fourth
quarter FDIC Quarterly Banking Profile. Before 1991, insured deposits were estimated
using percentages determined from the June 30 Call Reports. |
Number, Assets, Deposits, Losses, and
Loss to Funds of Insured Thrifts Taken Over or
Closed Because of Financial Difficulties, 1989 through 2000 1 |
Dollars in Thousands |
Year 2 |
Total |
Assets |
Deposits |
Estimated Receivership Loss 3 |
Loss to Funds 4 |
Total |
751 |
394,111,336 |
317,624,631 |
74,536,757 |
82,047,953 |
2000 |
1 |
29,530 |
28,583 |
1,402 |
1,402 |
1999 |
1 |
62,956 |
63,427 |
1,343 |
1,343 |
1998 |
0 |
0 |
0 |
0 |
0 |
1997 |
0 |
0 |
0 |
0 |
0 |
1996 |
1 |
32,576 |
32,745 |
21,222 |
21,222 |
1995 |
2 |
423,819 |
414,692 |
28,931 |
28,489 |
1994 |
2 |
136,815 |
127,508 |
11,472 |
14,599 |
1993 |
10 |
6,147,962 |
4,881,461 |
252,836 |
203,779 |
1992 |
59 |
44,196,946 |
34,773,224 |
3,082,299 |
3,688,250 |
1991 |
144 |
78,898,704 |
65,173,122 |
8,434,288 |
9,226,608 |
1990 |
213 |
129,662,398 |
98,963,960 |
16,071,715 |
19,297,712 |
1989 5 |
318 |
134,519,630 |
113,165,909 |
46,631,249 |
49,564,549 |
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 three 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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