

 Failures of all Institutions for

the United States and Other Areas
(BKFTTLA641N)

2020: 4 | Number of Institutions | Annual | Updated: Nov 3,

2022

1Y | 5Y | 10Y | Max
  
FFaaiillu
urres
es of of aallll
IIn
nst
stiittuuttiion
onss ffor
or tth
hee
United
United States States and and Other
Other
AAreas
reas

600

500

400
Number of Institutions

300
2009: 137

200

100

-100
1950 1975 2000

1950 2000

Source: Federal Deposit Insurance Corporation

Share Links     
Account Tools 

NOTES

Source: Federal Deposit Insurance Corporation 

Release: Failures and Assistance Transactions 

Units: Number of Institutions, Not Seasonally Adjusted

Frequency: Annual

Transaction Types
Institutions have been resolved through several
different types of transactions. The transaction types
outlined below can be grouped into three general
categories, based upon the method employed to protect
insured depositors and how each transaction affects a
failed/assisted institution's charter. In most assistance
transactions, insured and uninsured depositors are
protected, the failed/assisted institution remains open
and its charter survives the resolution process. In
purchase and assumption transactions, the
failed/assisted institution's insured deposits are
transferred to a successor institution, and its charter is
closed. In most of these transactions, additional
liabilities and assets are also transferred to the
successor institution. In payoff transactions, the deposit
insurer - the FDIC or the former Federal Savings and
Loan Insurance Corporation - pays insured depositors,
the failed/assisted institution's charter is closed, and
there is no successor institution. For a more complete
description of resolution transactions and the FDIC's
receivership activities, see Managing the Crisis: The
FDIC and RTC Experience, a study prepared by the
FDIC's Division of Resolutions and Receiverships. Copies
are available from the FDIC's Public Information Center.

Category 1 Institution's charter survives

A/A Assistance Transactions. These include:
1) transactions where assistance was provided to the
acquirer, who purchased the entire institution. For a few
FSLIC transactions, the acquirer purchased the entire
bridge bank - type entity, but certain other assets were
moved into a liquidating receivership prior to the sale,
and
2) open bank assistance transactions, including those
where assistance was provided under a systemic risk
determination (in such cases 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).
REP Reprivatization, management takeover with or
without assistance at takeover, followed by a sale with
or without additional assistance.

Category 2 Institution's charter is terminated, insured

deposits plus some assets and other liabilities are
transferred to a successor charter
P&A Purchase and Assumption, where some or all of the
deposits, certain other liabilities and a portion of the
assets (sometimes all of the assets) were sold to an
acquirer. It was not determined if all of the deposits
(PA) or only the insured deposits (PI) were assumed.
PA Purchase and Assumption, where the insured and
uninsured deposits, certain other liabilities and a portion
of the assets were sold to an acquirer.
PI Purchase and Assumption of the insured deposits
only, where the traditional P&A was modified so that
only the insured deposits were assumed by the
acquiring institution.
IDT Insured Deposit Transfer, where the acquiring
institution served as a paying agent for the insurer,
established accounts on their books for depositors, and
often acquired some assets as well. Includes ABT
(asset-backed transfer, a FSLIC transaction that is very
similar to an IDT).
MGR An institution where FSLIC took over management
and generally provided financial assistance. FSLIC
closed down before the institution was sold.

Category 3 PO Payout, where the insurer paid the

depositors directly and placed the assets in a liquidating
receivership.

Note: Includes transactions where the FDIC established

a Deposit Insurance National Bank to facilitate the
payout process.

For additional notes, see https://www5.fdic.gov/hsob/H

SOBNotes.asp#BF1.

Suggested Citation:
Federal Deposit Insurance Corporation, Failures of all
Institutions for the United States and Other Areas
[BKFTTLA641N], retrieved from FRED, Federal Reserve
Bank of St. Louis;
https://fred.stlouisfed.org/series/BKFTTLA641N, March
31, 2023.

RELATED CONTENT

Related Resources
FRED Blog

Bank failures ...

ALFRED Vintage Series

Failures of all
Institutions for
the United States ...
and Other Areas

Related Categories

Failures and Assistance Transactions Banking

Money, Banking, & Finance

Sources

More Releases from Federal Deposit Insurance Corporation

Releases

More Series from Failures and Assistance Transactions

Tags

Failures Thrifts

Federal Deposit Insurance Corporation Banks

Depository Institutions Annual Nation

Not Seasonally Adjusted

Public Domain: Citation Requested

United States of America

 Filter 0

Search FRED

SERVICES

FRED®

ALFRED®

FRASER®

IDEAS

RESEARCH

Eighth District Economy

Working Papers

Events

Publications

TOOLS

FRED Mobile Apps

FRED Add-In for Excel®

Embeddable FRED Widget

Developer/APIs

ABOUT

Careers

Contact

Legal

Privacy Notice & Policy

OUR SITES

St. Louis Fed

Research Division

Education Resources

NEED HELP?
Questions or Comments

FRED Help

SUBSCRIBE TO THE FRED

NEWSLETTER
Email Subscribe

FOLLOW US
  
Back to Top

Federal Reserve Bank of St. Louis, One Federal Reserve

Bank Plaza, St. Louis, MO 63102