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2005 Annual Report

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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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