FDIC Bank Takeovers in 2008
Data File:
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.
