Notice

Stimulus.org is a historical project of the Committee for a Responsible Federal Budget, which tracked the money spent by the 2009 stimulus bill. This site is not regularly updated.

North Shore Bank

Date: 
September 17, 2010
Maximum Amount: 
$0.25 billion
Amount Spent: 
$0.08 billion
Deficit Impact: 
$0.08 billion

This bank has been closed, and individual deposits up to $250,000 have been insured by the FDIC. Other banking institutions have agreed to take on the bank's various deposits.

Source: 

FDIC Release

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 indicates value of total bank deposits. Amount spent and deficit impact represent FDIC-estimated cost to deposit insurance fund.

Website Design and Development, Washington DC