Alliance Bank & Trust Company
Hampshire Bank & Trust Co.
and Assumption - Insured Deposits
Association Insurance Fund
and AssumptionAll Deposits
Codes for Bank Class:
NM = State-chartered bank that is not a member of the Federal Reserve
N = National Bank
SB = Savings Bank
1 Estimated losses are as of December
31, 2001. Estimated losses are routinely adjusted with updated information
from new appraisals and asset sales, which ultimately affect the asset
values and projected recoveries.
Deposits and the Savings Association Insurance Fund,
December 31, 1989, through December 31, 2001
in Insured Institutions (Dollars in Millions)
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
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.
Deposits, and Loss to Funds of Insured Thrifts Taken Over
or Closed Because of Financial Difficulties, 1989 through 2001 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 four
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
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.