Magazine article Economic Trends

FDIC Funds

Magazine article Economic Trends

FDIC Funds

Article excerpt

In 2005, deposits insured by the FDIC's Bank Insurance Fund (BIF) grew at a 7.51% annual rate, and those insured by the Savings Association Insurance Fund (SAIF) at 7.36%. As of December 31, 2005, the FDIC insured about $2.9 trillion of BIF members' deposits and over $1 trillion of SAIF members'. Growth in insured deposits outstripped BIF and SAIF reserves. As a result, BIF reserves fell from 1.30% of insured deposits at the end of 2004 to 1.23% at the end of 2005, slightly below the mandated 1.25% target ratio of reserves to insured deposits. Over this period, the SAIF ratio of reserves to insured deposits fell from 1.34% to 1.29%. The solid position of both funds reflects the stabilitty of the banking and thrift industries.

Bank failures since 1995 have been miniscule in terms of failed institutions' numbers and total assets. No insured institution failed in 2005:IV, the sixth consecutive quarter and the longest period without failures since the FDIC's inception; 2005 was the first full calendar year with no failures. …

Search by... Author
Show... All Results Primary Sources Peer-reviewed

Oops!

An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.