FDIC Bank Takeovers in 2010
Data File:
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.