Bank Takeover
FDIC Bank Takeovers in 2010
Policy Area:
Financial Sector Policy
Economic Target:
Depository Institutions
Action Type:
Bank Takeover
Maximum Amount:
$79.87 billion
Amount Spent:
$22.17 billion
Deficit Impact:
$22.17 billion This entry tracks FDIC takeovers of banks in 2010.
Notes:
Although FDIC costs are counted on-budget, official estimates assume that they should eventually be offset by proceeds from the sale of liquidated assets and higher premiums for deposit insurance. Maximum amount indicates value of all bank deposits. Amount spent represents FDIC-estimated cost to deposit insurance fund.
FDIC Bank Takeovers in 2008
Policy Area:
Financial Sector Policy
Economic Target:
Depository Institutions
Action Type:
Bank Takeover
Maximum Amount:
$234.00 billion
Amount Spent:
$21.74 billion
Deficit Impact:
$21.74 billion FDIC takeovers of banks in 2008.
Notes:
Although FDIC costs are counted on-budget, they should eventually be offset by proceeds from the sale of liquidated assets and higher premiums for deposit insurance. Maximum amount represents total value of deposits. Amount spent represents FDIC-estimated cost to deposit insurance fund.
FDIC Bank Takeovers in 2009
Policy Area:
Financial Sector Policy
Economic Target:
Depository Institutions
Action Type:
Bank Takeover
Maximum Amount:
$125.72 billion
Amount Spent:
$36.47 billion
Deficit Impact:
$36.47 billion FDIC takeovers of banks in 2009.
Notes:
Although FDIC costs are counted on-budget, official estimates assume that they should eventually be offset by proceeds from the sale of liquidated assets and higher premiums for deposit insurance. Maximum amount indicates value of all bank deposits. Amount spent represents FDIC-estimated cost to deposit insurance fund.
