Since 1990, annual growth of BIF-insured deposits has been as high as 6.9 percent and as low as an annual shrinkage of 2.1 percent (Figure 1). After shrinking annually from 1992 through 1994, insured deposits grew between 2.5 percent and 3.8 percent from 1995 to 1998. After minimal growth in 1999 (1.1 percent), insured deposits grew by 6.9 percent in 2000 and 4.7 percent in 2001. During the six months ending June 30, 2002, BIF-insured deposits grew 3.1 percent. In the third quarter, preliminary results from our survey indicate that insured deposits grew by an additional 1.15 percent. Equity market declines, investor flight to safety and a change in the way banks report uninsured deposits have factored into the recent strong growth in insured deposits.