Pacific Thrift and
Loan Company
Woodland Hills, CA
NM
2,600
$116,756
$107,198
$105,575
$52,000
11/19/99
Affinity Bank
Ventura, CA
Payout
First National Bank of Keystone
Keystone, WV
N
25,434
$1,045,861
$921,971
$890,132
$770,000
09/01/99
Ameribank, Incorporated
Welch, WV
Savings Association Insurance Fund
Purchase and Assumption - All Deposits
Oceanmark Bank
North Miami Beach,FL
FSB
2,900
$62,956
$63,427
$62,662
$1,343
07/09/99
Third FS&LA of Florida
North Miami Beach,FL
Codes for Bank Class:
NM
= State-chartered bank that is not a member of the Federal Reserve System.
SM = State-chartered bank that is a member of the Federal
Reserve System.
N = National Bank
FSB = Federal Savings Bank
¹ Estimated losses are as of 12/31/99.
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, 1999
(Dollars in Millions)
Est. Deposits in Insured
Institutions
Insurance Fund as a
Percentage of
Year¹
Insurance Coverage
Total Domestic Deposits
Insured² Deposits
Percentage of Insured Deposits
Deposit Insurance Fund
Total Domestic Deposits
Est.
Insured Deposits
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 1999 1
(Dollars
in Thousands)
Year2
Total
Assets
Deposits
Estimated
Receivership
Loss 3
Loss to
Funds 4
Total
750
395,112,638
318,422,840
74,697,436
82,766,593
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
36,213
36,068
1994
2
136,815
127,508
11,478
14,606
1993
10
7,178,794
5,708,253
294,547
326,349
1992
59
44,196,946
34,773,224
3,122,362
3,769,210
1991
144
78,898,704
65,173,122
8,515,839
9,489,992
1990
213
129,662,398
98,963,960
16,195,857
19,494,475
1989 5
318
134,519,630
113,165,909
46,498,575
49,613,328
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 two 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.
