Skip Header

Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

2013 Annual Report

Previous | Contents | Next

VI. Appendices

A. Key Statistics

FDIC Expenditures 2004–2013
Dollars in Millions

Bar Chart for FDIC Expenditures 2003-2012

The FDIC's Strategic Plan and Annual Performance Plan provide the basis for annual planning and budgeting for needed resources. The 2013 aggregate budget (for corporate, receivership, and investment spending) was $2.7 billion, while actual expenditures for the year were $2.3 billion, about $0.2 billion less than 2012 expenditures.

Over the past decade the FDIC's expenditures have varied in response to workload. Earlier in the decade, expenditures rose, largely due to increasing resolution and receivership activity. To a lesser extent increased expenses resulted from supervision-related costs associated with the oversight of more troubled institutions. More recently, these increases have been subsiding.

FDIC Actions on Financial Institutions Applications 2011–2013
  2013 2012 2011
Deposit Insurance
10
6
10
Approved1
10
6
10
Denied
0
0
0
New Branches
499
570
442
Approved
499
570
442
Denied
0
0
0
Mergers
256
238
206
Approved
256
238
206
Denied
0
0
0
Requests for Consent to Serve2
474
674
876
Approved
474
671
875
Section 19
4
10
24
Section 32
470
661
851
Denied
0
3
1
Section 19
0
1
0
Section 32
0
2
1
Notices of Change in Control
22
26
21
Letters of Intent Not to Disapprove
22
26
21
Disapproved
0
0
0
Brokered Deposit Waivers
81
97
84
Approved
81
95
83
Denied
0
2
1
Savings Association Activities3
8
21
30
Approved
8
21
30
Denied
0
0
0
State Bank Activities/Investments4
10
7
9
Approved
10
7
9
Denied
0
0
0
Conversion of Mutual Institutions
7
8
6
Non-Objection
7
8
6
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.

3Amendments to Part 303 of the FDIC Rules and Regulations changed FDIC oversight responsibility in October 1998. In 1998, Part 303 changed the Delegations of Authority to act upon applications.

4Section 24 of the FDI Act, in general, precludes 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.

Compliance, Enforcement, and Other Related Legal Actions 2011–2013
  2013 2012 2011
Total Number of Actions Initiated by the FDIC
414
557
557
Termination of Insurance  
Involuntary Termination  
Sec. 8a For Violations, Unsafe/Unsound Practices or Conditions
0
0
0
Voluntary Termination  
Sec. 8a By Order Upon Request
0
0
0
Sec. 8p No Deposits
7
3
7
Sec. 8q Deposits Assumed
4
4
2
Sec. 8b Cease-and-Desist Actions  
Notices of Charges Issued
2
0
7
Orders to Pay Restitution
11
9
N/A
Consent Orders
70
120
183
Sec. 8e Removal/Prohibition of Director or Officer  
Notices of Intention to Remove/Prohibit
14
8
11
Consent Orders
99
108
100
Sec. 8g Suspension/Removal When Charged With Crime
0
0
1
Civil Money Penalties Issued  
Sec. 7a Call Report Penalties
0
1
0
Sec. 8i Civil Money Penalties
81
164
193
Sec. 8i Civil Money Penalty Notices of Assessment
13
5
5
Sec. 10c Orders of Investigation
16
16
29
Sec. 19 Waiver Orders  
Approved Section 19 Waiver Orders
86
119
10
Denied Section 19 Waiver Orders
2
0
1
Sec. 32 Notices Disapproving Officer/Director’s Request for Review
0
0
0
Truth-in-Lending Act Reimbursement Actions  
Denials of Requests for Relief
0
0
0
Grants of Relief
0
0
0
Banks Making Reimbursement1
98
126
84
Suspicious Activity Reports (Open and closed institutions)1
123,134
139,102
125,460
Other Actions Not Listed
9
0
8

1These actions do not constitute the initiation of a formal enforcement action and, therefore, are not included in the total number of actions initiated.

Estimated Insured Deposits and the Deposit Insurance Fund, December 31, 1934, through December 31, 2013
Dollars in Millions (except Insurance Coverage)1
  Deposits in Insured Institutions2   Insurance Fund as a Percentage of
Year Insurance Coverage2 Total Domestic Deposits Est. Insured Deposits Percentage of Insured Deposits Deposit Insurance Fund Total Domestic Deposits Est. Insured Deposits
2013
$250,000
$9,825,300
$6,011,310
61.2
$47,190.8
0.48
0.79
2012
$250,000
$9,474,582
$7,406,522
78.2
$32,957.8
0.35
0.44
2011
250,000
8,782,134
6,974,690
79.4
11,826.5
0.13
0.17
2010
250,000
7,887,733
6,302,329
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
7,505,409
4,750,783
63.3
17,276.3
0.23
0.36
2007
100,000
6,921,678
4,292,211
62.0
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
6,229,823
3,891,000
62.5
48,596.6
0.78
1.25
2004
100,000
5,724,775
3,622,213
63.3
47,506.8
0.83
1.31
2003
100,000
5,224,030
3,452,606
66.1
46,022.3
0.88
1.33
2002
100,000
4,916,200
3,383,720
68.8
43,797.0
0.89
1.29
2001
100,000
4,565,068
3,216,585
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
0.60
0.80
1987
100,000
2,198,648
1,657,291
75.4
18,301.8
0.83
1.10
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
75.0
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
0.80
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
65.0
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
0.80
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
0.80
1.45
1964
10,000
348,981
191,787
55.0
2,844.7
0.82
1.48
1963
10,000
313,304
177,381
56.6
2,667.9
0.85
1.50
1962
10,000
297,548
170,210
57.2
2,502.0
0.84
1.47
1961
10,000
281,304
160,309
57.0
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
1.70
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

1 For 2012, figures are as of September 30, all 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 sum of the BIF and Savings Association Insurance Fund (SAIF) amounts; for 2006 to 2012, figures are for DIF. Amounts for 1989 - 2012 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.

2 The 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 and Expenses, Deposit Insurance Fund, from Beginning of Operations, September 11, 1933,
through December 31, 2013
Dollars in Millions
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
$201,686.7
$137,510.7
$11,392.9
$75,568.9
 
$154,785.2
$120,599.0
$24,743.1
$9,443.1
$139.5
$47,041.0
2013
10,458.9
9,734.2
0.0
724.7
0.0776%
(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)

1Figures represent only BIF-insured institutions prior to 1990, BIF- and SAIF-insured institutions from 1990 through 2005, and DIF-insured institutions beginning in 2006. After 1995, all thrift closings became the responsibility of the FDIC and amounts are reflected in the SAIF. The 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 four quarter average assessment base. The effective rates from 1950 through 1984 varied from the statutory rate of 0.0833 percent due to assessment credits provided in those years. The statutory rate increased to 0.12 percent in 1990 and to a minimum of 0.15 percent in 1991. The effective rates in 1991 and 1992 varied because the FDIC exercised new authority to increase assessments above the statutory minimum rate when needed. 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. 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. For the first quarter of 2009, assessment rates were increased to a range of 0.12 to 0.50 percent of assessable deposits. From the second quarter of 2009 through the first quarter of 2011, initial assessment rates ranged between 0.12 and 0.45 percent of assessable deposits. Initial rates are subject to further adjustments. 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 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 the figure shown in the table). The effective assessment rate for 2012 was based on full year accrued assessment income, actual assessment base figures for the first three quarters of 2012, and an estimate for the assessment base for fourth quarter 2012. 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 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.

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 113 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.

Number, Assets, Deposits, Losses, and Loss to Funds of Insured Thrifts Taken Over or Closed
Because of Financial Difficulties, 1989 through 19951
Dollars in Thousands
Year Total Assets Deposits Estimated Receivership Loss2 Loss to Funds3
Total
748
$393,986,574
$317,501,978
$75,977,713
$81,580,200
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
4,881,461
267,595
65,212
1992
59
44,196,946
34,773,224
3,286,907
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
16,062,552
19,257,446
19894
318
134,519,630
113,168,009
47,085,028
48,648,785

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 estimated losses represent 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 Funds represents the total resolution cost of the failed thrifts in the FRF-RTC fund, 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.

4Total for 1989 excludes nine failures of the former FSLIC.

FDIC-Insured Institutions Closed During 2013
Dollars in Thousands
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
Sunrise Bank Valdosta, GA NM
2,469
$60,793
$57,775
$60,695
$16,119
05/10/13
Synovus Bank
Columbus, GA
Community South
Bank
Parsons, TN
NM
18,041
$386,908
$377,672
$367,166
$72,494
08/23/13
CB&S Bank, Inc. Russellville, AL
Whole Bank Purchase and Assumption – All Deposits
Westside
Community Bank
University Place, WA
NM
3,258
$91,935
$91,879
$94,131
$26,534
01/11/13
Sunwest Bank
Irvine, CA
1st Regents Bank
Andover, MN
NM
1,376
$49,626
$49,147
$48,853
$16,466
01/18/13
First Minnesota Bank
Minnetoka, MN
Covenant Bank
Chicago, IL
NM
3,673
$58,422
$54,202
$55,140
$21,756
02/15/13
Liberty Bank and Trust Company
New Orleans, LA
Frontier Bank
La Grange, GA
NM
13,271
$258,840
$224,108
$215,689
$58,265
03/08/13
HeritageBank of the South
Albany, GA
Gold Canyon Bank
Gold Canyon, AZ
SM
1,370
$42,125
$41,728
$43,172
$11,080
04/05/13
First Scottsdale, National Association
Scottsdale, AZ
Chipola Community Bank
Marianna, FL
NM
1,567
$37,471
$37,067
$37,490
$10,348
04/19/13
First Federal Bank of Florida
Lake City, FL
First Federal Bank
Lexington, KY
SA
5,017
$92,982
$87,196
$89,003
$10,477
04/19/13
Your Community Bank
New Albany, IN
Heritage Bank of North Florida
Orange Park, FL
NM
2,692
$103,960
$106,348
$105,923
$26,495
04/19/13
FirstAtlantic Bank
Jacksonville, FL
Douglas County Bank, Douglasville, GA NM
15,310
$317,288
$315,326
$308,912
$91,392
04/26/13
Hamilton State Bank
Hoschton, GA
Parkway Bank
Lenoir, NC
NM
6,035
$109,642
$104,709
$108,519
$18,623
04/26/13
CertusBank,
National
Association
Easley, SC
Pisgah Community
Bank
Asheville, NC
NM
587
$21,880
$21,246
$22,975
$9,708
05/10/13
Capital Bank,
National
Association
Rockville, MD
Central Arizona Bank
Scottsdale, AZ
NM
1,006
$31,550
$30,822
$28,922
$8,645
05/14/13
Western
State Bank
Devils Lake, ND
Banks of Wisconsin
d/b/a
Bank of Kenosha
Kenosha, WI
NM
7,008
$34,024
$127,590
$127,946
$19,763
05/31/13
North Shore
Bank, FSB
Brookfield, WI
1st Commerce Bank
North Las Vegas, NV
NM
242
$20,152
$19,579
$21,891
$9,880
06/06/13
Plaza Bank
Irvine, CA
Mountain
National Bank
Sevierville, TN
N
16,725
$437,282
$373,366
$376,858
$27,106
06/07/13
First Tennessee
Bank, National
Association
Memphis, TN
First Community
Bank of
Southwest Florida
Fort Myers, FL
NM
9,715
$247,315
$243,618
$239,309
$27,077
08/02/13
C1 Bank
Saint Petersburg, FL
Bank of Wausau
Wausau, WI
NM
1,465
$43,564
$40,663
$44,292
$13,500
08/09/13
Nicolet
National Bank
Green Bay, WI
Sunrise Bank
of Arizona
Phoenix, AZ
NM
5,430
$202,179
$196,924
$188,521
$17,049
08/23/13
First Fidelity
Bank, National
Association
Oklahoma City, OK
First National Bank
Edinburg, TX
N
89,508
$3,085,764
$2,338,335
$2,225,494
$637,523
09/13/13
Plains Capital Bank
Dallas, TX
Bank of Jackson
County
Graceville, FL
NM
2,491
$24,724
$24,591
$25,405
$5,074
10/30/13
First Federal
Bank of Florida
Lake City, FL
Texas Community
Bank, National
Association
The Woodlands, TX
NM
2,160
$159,257
$142,640
$118,657
$10,765
12/13/13
Spirit of Texas
Bank, SSB
College Station, TX
Insured Deposit Payoff
The Community’s
Bank
Bridgeport, CT
NM
1,049
$26,368
$25,715
$38,002
$7,800
7,800
Federal Deposit
Insurance
Corporation

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 12/31/12. 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. This amount does not include the estimated loss allocable to the Transaction Account Guarantee and Debt Guarantee Program claims.

Recoveries and Losses by the Deposit Insurance Fund on Disbursements for the Protection of Depositors, 1934 – 2013
Dollars in Thousands
Bank and Thrift Failures1
Year2 Number of Banks/
Thrifts
Total Assets3 Total Deposits3 Insured Deposit Funding and Other Disbursements Recoveries Estimated Additional Recoveries Estimated Losses
 
2,584
$931,664,951
$700,668,975
$577,938,885
$399,685,827
$59,761,118
$118,491,940
2013
24
6,044,051
5,132,246
4,992,965
0
3,819,026
1,173,939
2012
51
11,617,348
11,009,630
11,074,800
1,201,587
7,069,516
2,803,697
2011
92
34,922,997
31,071,862
31,782,065
2,617,454
21,479,949
7,571,752
20104
157
92,084,987
78,290,185
82,240,983
51,181,613
10,097,143
20,962,227
20094
140
169,709,160
137,783,121
136,331,221
88,529,446
14,462,095
33,339,680
20084
25
371,945,480
234,321,715
205,495,557
183,834,032
2,229,312
19,432,213
2007
3
2,614,928
2,424,187
1,918,810
1,369,413
380,982
168,415
2006
0
0
0
0
0
0
0
2005
0
0
0
0
0
0
0
2004
4
170,099
156,733
138,971
134,978
76
3,917
2003
3
947,317
901,978
883,772
812,933
8,192
62,647
2002
11
2,872,720
2,512,834
2,127,249
1,704,030
7,655
415,564
2001
4
1,821,760
1,661,214
1,605,612
1,128,577
184,384
292,651
2000
7
410,160
342,584
297,313
265,175
0
32,138
1999
8
1,592,189
1,320,573
1,307,442
711,758
5,674
590,010
1998
3
290,238
260,675
292,691
58,248
11,752
222,691
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
14,541,316
10,866,760
543
3,674,013
1991
124
64,556,512
52,972,034
21,499,567
15,500,130
4,819
5,994,618
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 Transactions
Year2 Number of Banks/ Thrifts Total Assets3 Total Deposits3 Insured Deposit Funding and Other Disbursements Recoveries Estimated Additional Recoveries Estimated Losses
 
154
$3,317,099,253
$1,442,173,417
$11,630,356
$6,199,875
$0
$5,430,481
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
20095
8
1,917,482,183
1,090,318,282
0
0
0
0
20085
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 closed by the FDIC, 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 2012, figures are for the DIF.

3Assets and deposit data are based on the last Call Report or TFR filed before failure.

4Includes amounts related to transaction account coverage under the Transaction Account Guarantee Program (TAG). The estimated losses as of 12/31/13 for TAG accounts in 2010, 2009, and 2008 are $519 million, $1,526 million, and $15 million, respectively.

5Includes institutions where assistance was provided under a systemic risk determination. Any costs that exceed the amounts estimated under the least cost resolution requirement would be recovered through a special assessment on all FDIC-insured institutions.

Previous | Contents | Next

Skip Footer back to content