FDIC Quarterly

Quarterly Banking Profile:

Third Quarter 2009

Highlights from the 2009 

Summary of Deposits Data

2009, Volume 3, Number 4
Chairman Sheila C. Bair

Director, Division of Insurance Arthur J. Murton

 and Research

Executive Editor Richard A. Brown

Managing Editors Diane L. Ellis

Paul H. Kupiec

Christopher J. Newbury

Editor Kathy Zeidler

Publication Managers Peggi Gill

Lynne Montgomery

Media Inquiries (202) 898-6993

The FDIC Quarterly is published by the Division of Insurance and Research of the Federal Deposit 

Insurance Corporation and contains a comprehensive summary of the most current financial results for 

the banking industry. Feature articles appearing in the FDIC Quarterly range from timely analysis of 

economic and banking trends at the national and regional level that may affect the risk exposure of 

FDIC-insured institutions to research on issues affecting the banking system and the development of 

regulatory policy.

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subscribe at www.fdic.gov/about/subscriptions/index.html.
2009, Volume 3, Number 4

FDIC Quarterly

The views expressed are those of the authors and do not necessarily reflect official positions of the Federal Deposit Insurance 

Corporation. Some of the information used in the preparation of this publication was obtained from publicly available sources 

that are considered reliable. However, the use of this information does not constitute an endorsement of its accuracy by the 

Federal Deposit Insurance Corporation. Articles may be reprinted or abstracted if the publication and author(s) are credited. 

Please provide the FDIC’s Division of Insurance and Research with a copy of any publications containing reprinted material.

New FDIC Study Shows One in Four U.S. Households 

Currently Unbanked or Underbanked See page ii.

Quarterly Banking Profile: Third Quarter 2009

FDIC-insured institutions reported aggregate net income of $2.8 billion in the third quarter of 2009, but loan 

balances declined by the largest percentage since at least 1984. Quarterly earnings were more than three times 

the $879 million the industry earned a year earlier and represented an improvement over the industry’s $4.3 

billion net loss in the second quarter of 2009. More than 26 percent of all insured institutions reported a net 

loss in the latest quarter, up slightly from nearly 25 percent a year earlier. See page 1.

Insurance Fund Indicators

Estimated insured deposits (based on $250,000 coverage) increased 10.2 percent in the third quarter of 2009. 

The Deposit Insurance Fund reserve ratio fell to -0.16 percent, and 50 FDIC-insured institutions failed 

during the quarter. See page 14.

Temporary Liquidity Guarantee Program

The FDIC Board approved the Temporary Liquidity Guarantee Program (TLGP) in response to major disruptions in credit markets. The TLGP improves access to liquidity for participating institutions by fully guaranteeing non-interest-bearing transaction deposit accounts and by guaranteeing eligible senior unsecured debt. 

As of September 30, 2009, more than 86 percent of FDIC-insured institutions have opted in to the Transaction Account Guarantee Program, and 7,955 eligible entities have elected the option to participate in the 

Debt Guarantee Program. Approximately $761 billion in non-interest-bearing transaction accounts was guaranteed as of September 30, 2009, and $307 billion in guaranteed senior unsecured debt, issued by 89 entities, 

was outstanding at the end of the third quarter. The TLGP expires on October 31, 2009. See page 18.

Highlights from the 2009 Summary of Deposits Data

The Federal Deposit Insurance Corporation (FDIC) and the Office of Thrift Supervision (OTS) survey all 

FDIC-insured institutions to collect information on bank and thrift deposits and operating branches and offices 

each year as of June 30. The resulting Summary of Deposits (SOD) is a valuable resource for analyzing deposit 

trends and measuring market concentrations at the national and local levels. This article highlights findings 

from the 2009 SOD data, focusing on national trends in domestic deposits and banking offices but also presenting some information by state, metropolitan area, and institution. See page 29.
New FDIC Study Shows One in Four U.S. Households 

Currently Unbanked or Underbanked

Low-income and Minority Households Disproportionately Represented

The Federal Deposit Insurance Corporation (FDIC) recently released the findings of its National 

Survey of Unbanked and Underbanked Households, breaking new ground in understanding which 

Americans remain outside the banking system.

The study reveals that more than one-quarter (25.6 percent) of all households in the United 

States are unbanked or underbanked and that those households are disproportionately lowincome or minority.

Among U.S. households, 7.7 percent are unbanked, which translates nationally to 9 million 

households. An additional 17.9 percent, or 21 million households nationally, were found to be 

underbanked (see chart below).

The national results of the study, along with regional, state, and metropolitan statistical area 

findings, are available online at http://www.economicinclusion.gov.

Banking Status of U.S. Households

Banked, but

Underbanked

Status Unknown*

4%

Underbanked

18%

Banked, but Not

Underbanked

70% 

Unbanked

8%

Notes: Percentages are based on 118.6 million U.S. households. Percentages do not always

sum to 100 because of the rounding of household weights to represent the population totals.

* These households are banked, but there is not enough information to determine if they are underbanked. 
FDIC Quarterly 1 2009, Volume 3, No. 4

Quarterly Banking Profile Third Quarter 2009

Earnings Register Modest Improvement

Rising loan-loss provisions continued to dominate 

industry results, but growth in operating revenues, 

combined with appreciation in securities values, helped 

the industry post an aggregate net profit. Insured institutions earned $2.8 billion in net income in the third 

quarter of 2009, more than three times the $879 million 

they earned a year earlier and an improvement over the 

$4.3 billion net loss posted in the second quarter of 

2009. Growth in net interest income, lower realized 

losses on securities and other assets, higher noninterest 

income, and lower noninterest expenses, all contributed 

to the year-over-year increase in net income. Only 43 

percent of all institutions reported higher quarterly 

earnings compared to a year ago, but this is the highest 

proportion reporting improved earnings in the past six 

quarters. More than one in four institutions (26.5 

percent) was unprofitable in the third quarter, up 

slightly from 24.6 percent a year ago.

Net Interest Margin Rises to Four-Year High

Net interest income was $4.6 billion (4.8 percent) higher 

than in the third quarter of 2008. The average net interest margin (NIM) in the third quarter was 3.51 percent, 

the highest quarterly average since the third quarter of 

2005. Almost two-thirds of all institutions (62.1 percent) 

reported higher NIMs than in the second quarter, but 

only 42.2 percent registered year-over-year NIM improvement. Realized losses on securities and other assets 

totaled $4.1 billion, which was $3.8 billion less than the 

$7.9 billion in losses the industry experienced a year 

earlier. Noninterest income was $4.0 billion (6.8 percent) 

higher, as net gains on loan sales were up by $2.7 billion 

and servicing fees rose by $1.9 billion (45.8 percent). 

Total noninterest expense was $1.6 billion (1.7 percent) 

below the level of a year earlier, the first time since the 

fourth quarter of 2006 that the industry has experienced a 

year-over-year decline in quarterly noninterest expense. 

Lower expenses for goodwill impairment and other intangible asset charges (down $1.2 billion, or 23.7 percent) 

were chiefly responsible for the decline in total noninterest expenses, but expenses for premises and fixed assets 

were lower as well, falling by $230 million (2.0 percent).

■ Industry Posts Net Profit of $2.8 Billion

■ Increased Revenues, Lower Securities Losses Offset Higher Loan-Loss Provisions

■ Net Interest Margins Improve at Most Institutions

■ Troubled Loans Continue to Rise, but Rate of Growth Slows

■ Loan Balances Decline by 2.8 Percent in the Quarter

INSURED INSTITUTION PERFORMANCE

Quarterly Net Income

Securities and Other Gains/Losses, Net

Net Operating Income

-40

-30

-20

-10

0

10

20

30

40

50

60

1 234 123 4 1 2 3 4 1 2 3 4 1 2 3

34.0 33.2 34.7 32.6

36.9 38.0 38.0 35.3 35.6 36.8

28.7

0.5

19.3

4.7 0.9

-37.6

5.5

-4.3

$ Billions

2005 2006 2007 2008 2009

2.8

Chart 1 Chart 2

$4.6

$4.0

$3.8

$1.6

$11.3

0

2

4

6

8

10

12

14

16 Positive Factors Negative Factor

Major Factors Affecting Earnings

3rd Quarter 2009 vs. 3rd Quarter 2008

($ Billions)

Increase in

Loan-Loss

Provisions

Increase in Net

Interest Income 

Increase in

Noninterest Income 

Decline in Realized

Losses on Securities 

Decrease in

Noninterest Expense 

$14.0
FDIC Quarterly 2 2009, Volume 3, No. 4

Chart 4

Quarterly Net Charge-Offs and

Change in Noncurrent Loans

-10

10

30

50

70

90

110

12341234123412 3

$ Billions

2006 2007 2008 2009

Quarterly Change in Noncurrent Loans

Quarterly Net Charge-Offs

Loss Provisions Surpass $60 Billion for Fourth 

Quarter in a Row

Provisions for loan and lease losses totaled $62.5 billion, 

marking the fourth consecutive quarter that industry 

provisions have exceeded $60 billion. The third quarter 

total was $11.3 billion (22.2 percent) higher than a 

year earlier, but it was $4.8 billion (7.1 percent) less 

than the amount that insured institutions set aside in 

the second quarter. It was also the smallest year-overyear increase in quarterly loss provisions in the past 

eight quarters. Almost two out of three institutions 

(62.6 percent) increased their loss provisions over yearearlier levels.

Loan Losses Remain High

Net charge-offs continued to rise, registering a yearover-year increase for an 11th consecutive quarter. 

Insured institutions charged off $50.8 billion (net) in 

the quarter, an increase of $22.6 billion (80.5 percent) 

compared to the third quarter of 2008. Net charge-offs 

were higher, year-over-year, at 60 percent of insured 

institutions. The annualized net charge-off rate rose to 

2.71 percent, from 1.43 percent a year earlier and 2.56 

percent in the second quarter. This is the highest annualized net charge-off rate in any quarter since insured 

institutions began reporting quarterly income and 

expenses in 1984, and it marks the third time in the 

past four quarters that the net charge-off rate has 

reached a new high. The year-over-year increase in 

charge-offs was led by loans to commercial and industrial (C&I) borrowers, but all major loan categories had 

sizable increases in charge-offs. Net charge-offs of C&I 

loans were $4.6 billion (117.5 percent) higher than a 

year ago. Charge-offs of credit card loans were $4.4 

billion (78.2 percent) higher, residential mortgage 

charge-offs were up by $3.7 billion (63.4 percent), 

charge-offs of real estate construction and development 

(C&D) loans rose by $3.1 billion (68.1 percent), and 

charge-offs of home equity lines of credit were $2.2 

billion (78.4 percent) higher.

Growth in Noncurrent Loans Slows

The amount of loans that were noncurrent (90 days or 

more past due or in nonaccrual status) also continued 

to rise. Noncurrent loans and leases increased by 

$34.7 billion (10.5 percent) in the third quarter, to 

$366.6 billion, or 4.94 percent of all loans and leases, 

the highest noncurrent rate registered in the 26 years 

that insured institutions have reported noncurrent loan 

data. Noncurrent residential mortgage loans increased 

by $19.0 billion (13.9 percent), noncurrent C&I loans 

rose by $7.3 billion (19.2 percent), and noncurrent real 

estate loans secured by nonfarm nonresidential real 

estate properties increased by $5.7 billion (18.2 

percent). The increase in noncurrent loans was the 

smallest in the past four quarters, as the rate of growth 

in noncurrent loans slowed for the second quarter in 

a row.

Reserve Coverage Continues to Erode

In the face of the persistent rise in troubled loans, 

insured institutions continued to build their loan-loss 

reserves. The industry set aside $11.7 billion more in 

Chart 3

3.70

3.48

2.5

3.0

3.5

4.0

4.5

123412341 2 3 41234123

Quarterly Net Interest Margins, Annualized

Percent

2005 2006 2007 2008 2009

Assets < $1 Billion

Assets > $1 Billion
FDIC Quarterly 3 2009, Volume 3, No. 4

Quarterly Banking Profile

Quarterly Decline in Loan Balances Is Largest 

on Record

Total assets of insured institutions fell for a third 

consecutive quarter. The $54.3 billion (0.4 percent) 

decline followed a $237.9 billion decrease in industry 

assets in the second quarter and a $303.2 billion drop in 

the first quarter. The decline in assets was led by falling 

loan balances. Total loan and lease balances declined 

by $210.4 billion (2.8 percent) during the quarter. This 

is the largest percentage decline in loan balances in any 

quarter since insured institutions began reporting quarterly results in 1984. C&I loans fell by $89.1 billion 

(6.5 percent), residential mortgage loan balances 

declined by $83.7 billion (4.2 percent), and real estate 

C&D loans dropped by $43.6 billion (8.1 percent). 

The reduction in loan balances was partially offset by 

increased balances at Federal Reserve banks (up by 

$142.4 billion, or 36.7 percent) and by a $59.7 billion 

(2.6 percent) increase in securities. Banks increased 

their holdings of U.S. Treasury securities by $28.6 

billion (49.3 percent) during the quarter. Much of the 

increase in other securities balances reflected higher 

market values for available-for-sale securities.

Reliance on Deposit Funding Increases

Total deposits increased by $79.8 billion (0.9 percent), 

as insured institutions continued to reduce their reliance on nondeposit funding sources. Deposits in 

domestic offices fell by $2.0 billion, with non-interestbearing deposits registering a $17.7 billion (1.2 percent) 

loan-loss provisions than it charged off in the third 

quarter, contributing to a $9.2 billion (4.4 percent) 

increase in total reserves. This was the smallest quarterly increase in reserves in the past eight quarters, but 

it lifted the industry’s ratio of reserves to total loans and 

leases from 2.77 percent to 2.97 percent. However, 

growth in reserves continued to lag the rise in noncurrent loans, and the industry’s ratio of reserves to 

noncurrent loans declined for a 14th consecutive quarter, from 63.6 percent to 60.1 percent.

Rising Securities Values Boost Equity Capital

The industry’s total bank equity capital (excluding 

minority interests in consolidated subsidiaries) increased 

by $40.2 billion (2.9 percent) in the third quarter. Most 

of the increase was a result of appreciation in the values 

of securities and other investments. Accumulated other 

comprehensive income, which includes unrealized 

gains and losses on securities held for sale, increased by 

$30.5 billion during the quarter. Tier 1 leverage capital, 

which does not include other comprehensive income, 

increased by $15.6 billion (1.4 percent). The industry’s 

equity to assets ratio increased from 10.55 percent to 

10.90 percent during the quarter. The average regulatory capital ratios for the industry (tier 1 leverage ratio, 

tier 1 risk-based capital ratio, and total risk-based capital ratio) all improved during the quarter as well, and 

are now at their highest levels in the 19 years since 

current risk-based capital standards were enacted.

Chart 5

Capital Ratios

6

7

8

9

10

11

12

13

14

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1 2 3

Percent

Total Risk-Based Capital

Tier 1 Risk-Based Capital

Equity to Assets

Core Capital (Leverage)

2005 2006 2007 2008 2009

Chart 6

Twelve-Month Loan Growth Rates

-20

-15

-10

-5

0

5

10

15

20

25

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

Commercial Real Estate

Residential Real Estate

C&I Loans

Consumer Loans

Percent
FDIC Quarterly 4 2009, Volume 3, No. 4

absorbed by mergers during the quarter, while 50 institutions failed. This is the largest number of failures in a 

quarter since the fourth quarter of 1992, when 55 

insured institutions failed. Only three insured institutions were chartered in the quarter, the smallest quarterly total since World War II. The number of insured 

institutions on the FDIC’s “Problem List” rose from 

416 to 552 during the quarter, and total assets of “problem” institutions increased from $299.8 billion to 

$345.9 billion. Both the number and assets of “problem” institutions are now at the highest level since the 

end of 1993.

Author: Ross Waldrop, Sr. Banking Analyst

Division of Insurance and Research

(202) 898-3951

decline. Deposits in foreign offices increased by $81.9 

billion (5.6 percent), following a $51.0 billion increase 

in the second quarter. Nondeposit liabilities declined by 

$176.1 billion (6.2 percent), including a $59 billion 

(9.3 percent) decline in Federal Home Loan Bank 

borrowings and an $86.6 billion (23.8 percent) decline 

in other short-term borrowings by Call reporters. 

At the end of September, deposits funded 68.7 percent 

of total industry assets, the highest proportion since 

June 30, 1997.

Only Three New Charters Were Added in the 

Third Quarter

The number of insured institutions reporting financial 

results fell to 8,099 in the third quarter, from 8,195 in 

the second quarter. Forty-seven institutions were 

Chart 7

Quarterly Change in Deposits and 

Nondeposit Liabilities

7

308

-23

-320 -337

80 67

-82

150 155

-176

162

-66

171

-400

-300

-200

-100

0

100

200

300

400

Q1 2008 Q2 2008 Q3 2008 Q4 2008 Q1 2009 Q2 2009 Q3 2009

Deposits

Nondeposit Liabilities

Quarterly Change

($ Billions)

Chart 8

Number of FDIC-Insured “Problem” Institutions

0

200

400

600

800

1000

1200

1400

1600

1991 1993 1995 1997 1999 2001 2003 2005 2007

Institutions on the FDIC’s “Problem List”

2009
FDIC Quarterly 5 2009, Volume 3, No. 4

Quarterly Banking Profile

TABLE I-A. Selected Indicators, All FDIC-Insured Institutions* 2009** 2008** 2008 2007 2006 2005 2004

Return on assets (%)������������������������������������������������������������������������������������������������������ 0.10 0.32 0.04 0.81 1.28 1.

Return on equity (%)������������������������������������������������������������������������������������������������������� 0.93 3.26 0.36 7.75 12.30 12.4

Core capital (leverage) ratio (%) ������������������������������������������������������������������������������������ 8.54 7.81 7.47 7.97 8.22 8.

Noncurrent assets plus other real estate owned to assets (%) ������������������������������������ 3.07 1.55 1.89 0.95 0.54 0.

Net charge-offs to loans (%) ������������������������������������������������������������������������������������������ 2.38 1.18 1.29 0.59 0.39 0.

Asset growth rate (%) ����������������������������������������������������������������������������������������������������� -2.40 6.82 6.20 9.89 9.04 7.6

Net interest margin (%)��������������������������������������������������������������������������������������������������� 3.46 3.33 3.16 3.29 3.31 3.

Net operating income growth (%)����������������������������������������������������������������������������������� -62.22 -63.63 -90.50 -27.58 8.53 11.

Number of institutions reporting������������������������������������������������������������������������������������� 8,099 8,384 8,305 8,534 8,680 8,833 8,976

Commercial banks��������������������������������������������������������������������������������������������������� 6,911 7,146 7,086 7,283 7,401 7,526 7,631

Savings institutions ������������������������������������������������������������������������������������������������� 1,188 1,238 1,219 1,251 1,279 1,307 1,345

Percentage of unprofitable institutions (%)�������������������������������������������������������������������� 28.31 21.34 24.79 12.08 7.94 6.

Number of problem institutions �������������������������������������������������������������������������������������� 552 171 252 76 50 52 80

Assets of problem institutions (in billions) ��������������������������������������������������������������������� $346 $116 $159 $22 $8 $7 $28

Number of failed institutions������������������������������������������������������������������������������������������� 95 13 25 3 0 0 4

Number of assisted institutions�������������������������������������������������������������������������������������� 0 0 5 0 0 0 0

* Excludes insured branches of foreign banks (IBAs)

** Through September 30, ratios annualized where appropriate. Asset growth rates are for 12 months ending September 3

TABLE II-A. Aggregate Condition and Income Data, All FDIC-Insured Institutions

(dollar figures in millions) 3rd Quarter

2009

2nd Quarter

2009

3nd Quarter

2008

%Change 

08Q3-09Q3

Number of institutions reporting������������������������������������������������������������������������������������� 8,099 8,195 8,384 -3.

Total employees (full-time equivalent)��������������������������������������������������������������������������� 2,069,405 2,093,060 2,170,931 -4.

CONDITION DATA

Total assets��������������������������������������������������������������������������������������������������������������������� $13,247,285 $13,301,549 $13,572,987 -2.

Loans secured by real estate���������������������������������������������������������������������������������� 4,526,678 4,651,631 4,749,530 -4.

 1-4 family residential mortgages ��������������������������������������������������������������������� 1,928,497 2,012,172 2,101,972 -8.

 Nonfarm nonresidential������������������������������������������������������������������������������������ 1,089,930 1,086,490 1,043,580 4.

 Construction and development 492,213 535,779 614,730 -19.

 Home equity lines��������������������������������������������������������������������������������������������� 667,459 672,908 652,106 2.

Commercial & industrial loans �������������������������������������������������������������������������������� 1,275,647 1,364,766 1,502,746 -15.

Loans to individuals������������������������������������������������������������������������������������������������� 1,040,183 1,037,132 1,082,714 -3.

 Credit cards ������������������������������������������������������������������������������������������������������ 392,974 398,233 411,627 -4.

Farm loans��������������������������������������������������������������������������������������������������������������� 60,014 58,348 59,612 0.

Other loans & leases����������������������������������������������������������������������������������������������� 515,034 516,329 597,963 -13.

Less: Unearned income ������������������������������������������������������������������������������������������ 2,613 2,903 2,792 -6.

Total loans & leases ������������������������������������������������������������������������������������������������ 7,414,944 7,625,303 7,989,773 -7.

Less: Reserve for losses����������������������������������������������������������������������������������������� 220,268 211,073 156,445 40.

Net loans and leases����������������������������������������������������������������������������������������������� 7,194,676 7,414,230 7,833,328 -8.

Securities����������������������������������������������������������������������������������������������������������������� 2,396,639 2,336,976 2,025,434 18.

Other real estate owned������������������������������������������������������������������������������������������ 37,165 33,945 22,460 65.

Goodwill and other intangibles ������������������������������������������������������������������������������� 425,113 431,398 484,147 -12.

All other assets�������������������������������������������������������������������������������������������������������� 3,193,693 3,085,001 3,207,618 -0.

Total liabilities and capital ���������������������������������������������������������������������������������������������� 13,247,285 13,301,549 13,572,987 -2.

Deposits������������������������������������������������������������������������������������������������������������������� 9,100,946 9,021,120 8,727,755 4.

 Domestic office deposits���������������������������������������������������������������������������������� 7,553,140 7,555,189 7,222,233 4.

 Foreign office deposits������������������������������������������������������������������������������������� 1,547,805 1,465,932 1,505,522 2.

Other borrowed funds ��������������������������������������������������������������������������������������������� 1,997,419 2,162,868 2,732,578 -26.

Subordinated debt��������������������������������������������������������������������������������������������������� 161,256 168,125 176,833 -8.

All other liabilities ���������������������������������������������������������������������������������������������������� 524,050 527,796 629,555 -16.

Equity capital ����������������������������������������������������������������������������������������������������������� 1,463,614 1,421,639 1,306,266 12.

Loans and leases 30-89 days past due������������������������������������������������������������������������� 142,698 141,100 121,609 17.

Noncurrent loans and leases ����������������������������������������������������������������������������������������� 366,621 331,880 187,355 95.

Restructured loans and leases �������������������������������������������������������������������������������������� 50,788 46,412 21,335 138.

Mortgage-backed securities ������������������������������������������������������������������������������������������ 1,350,429 1,365,640 1,261,315 7.

Earning assets���������������������������������������������������������������������������������������������������������������� 11,407,203 11,461,540 11,492,836 -0.

FHLB Advances�������������������������������������������������������������������������������������������������������������� 575,624 634,615 911,487 -36.

Unused loan commitments��������������������������������������������������������������������������������������������� 6,125,546 6,307,959 7,852,407 -22.

Trust assets��������������������������������������������������������������������������������������������������������������������� 20,252,884 17,502,516 19,739,794 2.

Assets securitized and sold ������������������������������������������������������������������������������������������� 1,857,417 1,865,353 1,892,416 -1.

Notional amount of derivatives***���������������������������������������������������������������������������������� 206,393,244 204,956,766 177,121,812 16.

INCOME DATA

First Three 

Qtrs 2009

First Three 

Qtrs 2008 %Change

3rd Quarter 

2009

3rd Quarter 

2008

%Change 

08Q3-09Q3

Total interest income ������������������������������������������������������������������� $413,593 $487,007 -15.1 $134,728 $159,079 -15

Total interest expense ����������������������������������������������������������������� 115,309 207,939 -44.6 34,809 63,776 -45

Net interest income �������������������������������������������������������������� 298,284 279,068 6.9 99,919 95,303 4

Provision for loan and lease losses �������������������������������������������� 188,577 125,190 50.6 62,511 51,166 22

Total noninterest income������������������������������������������������������������� 198,396 175,549 13.0 62,211 58,250 6

Total noninterest expense ����������������������������������������������������������� 287,787 274,342 4.9 92,362 93,935 -1

Securities gains (losses)������������������������������������������������������������� -1,551 -8,325 N/M -4,084 -7,881 N/M

Applicable income taxes ������������������������������������������������������������� 4,884 15,733 -69.0 115 790 -85

Extraordinary gains, net�������������������������������������������������������������� -3,626 657 N/M 31 1,098 -97.

Net income���������������������������������������������������������������������������� 9,590 31,685 -69.7 2,833 879 222

Net charge-offs���������������������������������������������������������������������������� 135,868 68,840 97.4 50,779 28,135 80

Cash dividends ���������������������������������������������������������������������������� 33,458 42,613 -21.5 20,093 10,988 82

Retained earnings ����������������������������������������������������������������������� -23,868 -10,928 N/M -17,260 -10,109 N/M

Net operating income����������������������������������������������������������� 13,867 36,706 -62.2 5,136 5,421 -5

*** Call Report filers only. N/M - Not Meaningf
FDIC Quarterly 6 2009, Volume 3, No. 4

TABLE III-A. Third Quarter 2009, All FDIC-Insured Institutions

Asset Concentration Groups*

Third q

(The way it is...)

All Insured 

Institutions

Credit 

Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Number of institutions reporting����������������������� 8,099 24 4 1,578 4,541 796 81 284 732 59

Commercial banks������������������������������������� 6,911 20 4 1,572 4,059 212 64 256 679 45

Savings institutions ����������������������������������� 1,188 4 0 6 482 584 17 28 53 14

Total assets (in billions)������������������������������������ $13,247.3 $500.5 $3,183.4 $177.5 $5,184.8 $852.3 $95.8 $37.8 $102.

Commercial banks������������������������������������� 11,866.4 478.8 3,183.4 176.7 4,693.0 178.2 52.4 33.8 89

Savings institutions ����������������������������������� 1,380.9 21.7 0.0 0.7 491.8 674.1 43.4 4.1 

Total deposits (in billions)��������������������������������� 9,100.9 266.8 1,978.9 142.8 3,852.7 509.7 78.8 28.1 84

Commercial banks������������������������������������� 8,178.2 255.4 1,978.9 142.2 3,515.3 66.0 40.9 25.5 73

Savings institutions ����������������������������������� 922.7 11.3 0.0 0.6 337.4 443.7 37.9 2.7

Net income (in millions)������������������������������������ 2,833 416 -310 419 -3,318 583 48 96 189 4,711

Commercial banks������������������������������������� 1,457 185 -310 417 -4,038 738 88 43 207 4,126

Savings institutions ����������������������������������� 1,377 232 0 2 721 -156 -41 52 -18 585

Performance Ratios (annualized, %

Yield on earning assets������������������������������������ 4.73 11.50 3.76 5.68 5.00 4.92 5.68 3.78

Cost of funding earning assets ������������������������ 1.22 1.39 0.88 1.67 1.43 1.70 1.56 1.09

Net interest margin������������������������������������ 3.51 10.11 2.88 4.01 3.57 3.22 4.12 2.70

Noninterest income to assets��������������������������� 1.88 5.44 1.97 0.68 1.43 0.84 1.75 8.22

Noninterest expense to assets������������������������� 2.79 5.63 2.65 2.74 2.85 1.88 2.66 8.72

Loan and lease loss provision to assets���������� 1.89 7.55 1.36 0.53 1.95 1.18 2.68 0.21

Net operating income to assets ����������������������� 0.16 0.33 0.33 0.94 -0.25 0.32 0.20 1.16

Pretax return on assets ������������������������������������ 0.09 0.43 -0.21 1.11 -0.24 0.65 0.27 1.49

Return on assets����������������������������������������������� 0.09 0.34 -0.04 0.95 -0.26 0.27 0.20 1.01

Return on equity ����������������������������������������������� 0.80 1.36 -0.46 8.48 -2.37 2.94 1.90 5.86

Net charge-offs to loans and leases���������������� 2.71 10.67 3.18 0.59 2.12 1.59 2.64 0.79

Loan and lease loss provision to 

net charge-offs ������������������������������������������ 123.10 101.20 117.03 133.23 132.44 113.95 129.25 110.55 127

Efficiency ratio �������������������������������������������������� 54.63 38.21 59.58 62.14 58.04 48.32 46.82 82.10 6

% of unprofitable institutions���������������������������� 26.55 33.33 50.00 10.65 35.96 20.10 18.52 20.07 1

% of institutions with earnings gains���������������� 43.25 50.00 0.00 43.09 41.36 55.90 46.91 35.92 4

Structural Changes

New charters ��������������������������������������������� 3 0 0 0 1 0 0 2 0 0

Institutions absorbed by mergers ������������� 47 1 0 9 34 0 0 0 1 2

Failed institutions �������������������������������������� 50 0 0 0 45 3 0 0 2 0

PRIOR Third 

(The way it was...)

Return on assets (%)������������������������������� 2008 0.03 0.36 0.49 1.01 -0.13 -1.34 0.94 0.12

������������������������������������� 2006 1.31 4.09 0.92 1.30 1.32 1.06 1.60 2.12

������������������������������������� 2004 1.33 4.10 0.86 1.33 1.34 1.15 1.16 1.53

Net charge-offs to loans & leases (%) ���� 2008 1.43 6.24 1.44 0.43 1.23 1.02 2.04 0.43

������������������������������������� 2006 0.40 3.86 0.64 0.15 0.19 0.18 1.21 0.12

������������������������������������� 2004 0.51 4.24 0.89 0.20 0.28 0.10 1.10 0.27

* See Table IV-A (page 8) for explanations
FDIC Quarterly 7 2009, Volume 3, No. 4

Quarterly Banking Profile

TABLE III-A. Third Quarter 2009, All FDIC-Insured Institutions 

Asset Size Distribution Geographic Regions

Third Qu

(The way it is...)

All Insured 

Institutions

Less than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to 

$10 Billion

Greater 

than 

$10 Billion New York Atlanta Chicago

Kansas 

City Dallas

San 

Francisco

Number of institutions reporting����������������������������� 8,099 2,912 4,496 579 112 989 1,140 1,666 1,895 1,672 737

Commercial banks������������������������������������������� 6,911 2,588 3,798 440 85 519 1,005 1,371 1,795 1,551 670

Savings institutions ����������������������������������������� 1,188 324 698 139 27 470 135 295 100 121 67

Total assets (in billions)������������������������������������������ $13,247.3 $160.3 $1,346.1 $1,497.9 $10,243.0 $2,501.5 $3,450.5 $3,106.1 $1,077.8 $755

Commercial banks������������������������������������������� 11,866.4 142.9 1,104.2 1,158.9 9,460.3 1,785.7 3,317.6 2,963.1 1,028.7 64

Savings institutions ����������������������������������������� 1,380.9 17.3 241.9 339.0 782.7 715.8 132.8 143.0 49.1 

Total deposits (in billions)��������������������������������������� 9,100.9 132.4 1,090.3 1,116.7 6,761.5 1,642.9 2,467.4 2,039.1 825.4 57

Commercial banks������������������������������������������� 8,178.2 119.0 904.3 863.5 6,291.4 1,144.4 2,368.7 1,934.3 788.7 50

Savings institutions ����������������������������������������� 922.7 13.4 186.0 253.2 470.1 498.5 98.7 104.8 36.7

Net income (in millions)������������������������������������������ 2,833 72 -131 -1,761 4,654 354 -1,130 1,905 2,318 1,029 -1,643

Commercial banks������������������������������������������� 1,457 30 13 -1,508 2,921 -1,214 -921 2,645 2,372 949 -2,374

Savings institutions ����������������������������������������� 1,377 42 -145 -253 1,733 1,568 -209 -740 -54 81 731

Performance Ratios (annualized, %

Yield on earning assets������������������������������������������ 4.73 5.61 5.51 5.17 4.53 5.14 4.49 4.12 5.5

Cost of funding earning assets ������������������������������ 1.22 1.70 1.83 1.71 1.05 1.41 1.16 1.09 1.0

Net interest margin������������������������������������������ 3.51 3.91 3.67 3.46 3.48 3.73 3.32 3.03 4.4

Noninterest income to assets��������������������������������� 1.88 1.31 0.98 1.59 2.05 1.80 1.65 2.18 3.0

Noninterest expense to assets������������������������������� 2.79 3.82 3.22 3.01 2.69 2.61 2.59 2.79 3.9

Loan and lease loss provision to assets���������������� 1.89 0.69 1.13 1.98 1.99 1.74 2.18 1.63 1.8

Net operating income to assets ����������������������������� 0.16 0.16 -0.04 -0.40 0.26 0.61 -0.23 0.22 0.77

Pretax return on assets ������������������������������������������ 0.09 0.39 0.01 -0.38 0.16 -0.23 -0.23 0.40 1.30

Return on assets����������������������������������������������������� 0.09 0.18 -0.04 -0.47 0.18 0.06 -0.13 0.24 0.87

Return on equity ����������������������������������������������������� 0.80 1.45 -0.39 -4.41 1.68 0.45 -1.14 2.83 8.01

Net charge-offs to loans and leases���������������������� 2.71 0.83 1.23 2.13 3.10 3.07 2.69 2.58 2.5

Loan and lease loss provision to net charge-offs�� 123.10 132.49 133.21 137.42 120.57 105.73 135.92 124.14 111.77 13

Efficiency ratio �������������������������������������������������������� 54.63 77.72 72.54 60.04 51.50 50.09 55.43 56.42 55.49 

% of unprofitable institutions���������������������������������� 26.55 25.65 25.69 35.06 40.18 22.95 48.77 24.25 17.99 

% of institutions with earnings gains���������������������� 43.25 43.58 43.46 41.45 35.71 54.70 34.56 40.88 42.80 

Structural Changes

New charters ��������������������������������������������������� 3 2 1 0 0 2 0 0 0 1 0

Institutions absorbed by mergers ������������������� 47 24 16 4 3 6 9 8 14 4 6

Failed institutions �������������������������������������������� 50 11 29 8 2 4 15 13 5 3 10

PRIOR Third

(The way it was...)

Return on assets (%)������������������������������������� 2008 0.03 0.27 -0.02 -0.60 0.12 0.01 0.22 0.10 0.50

������������������������������������������� 2006 1.31 1.02 1.23 1.27 1.33 1.12 1.37 1.01 1.7

������������������������������������������� 2004 1.33 1.08 1.22 1.47 1.33 1.13 1.46 1.21 1.4

Net charge-offs to loans & leases (%) ���������� 2008 1.43 0.44 0.71 1.10 1.63 1.49 1.28 1.36 1.6

������������������������������������������� 2006 0.40 0.16 0.14 0.20 0.49 0.63 0.18 0.27 0.4

������������������������������������������� 2004 0.51 0.25 0.22 0.34 0.60 0.73 0.26 0.43 0.6

* See Table IV-A (page 9) for explanations
FDIC Quarterly 8 2009, Volume 3, No. 4

TABLE IV-A. First Three Quarters 2009, All FDIC-Insured Institutions

Asset Concentration Groups*

First Three

(The way it is...)

All Insured 

Institutions

Credit 

Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 Billion

All Other 

>$1 Billion

Number of institutions reporting����������������������������������������� 8,099 24 4 1,578 4,541 796 81 284 732 59

Commercial banks������������������������������������������������������� 6,911 20 4 1,572 4,059 212 64 256 679 45

Savings institutions ����������������������������������������������������� 1,188 4 0 6 482 584 17 28 53 14

Total assets (in billions)������������������������������������������������������ $13,247.3 $500.5 $3,183.4 $177.5 $5,184.8 $852.3 $95.8 $37.8 $102.

Commercial banks������������������������������������������������������� 11,866.4 478.8 3,183.4 176.7 4,693.0 178.2 52.4 33.8 89

Savings institutions ����������������������������������������������������� 1,380.9 21.7 0.0 0.7 491.8 674.1 43.4 4.1 

Total deposits (in billions)��������������������������������������������������� 9,100.9 266.8 1,978.9 142.8 3,852.7 509.7 78.8 28.1 84

Commercial banks������������������������������������������������������� 8,178.2 255.4 1,978.9 142.2 3,515.3 66.0 40.9 25.5 73

Savings institutions ����������������������������������������������������� 922.7 11.3 0.0 0.6 337.4 443.7 37.9 2.7

Net income (in millions)������������������������������������������������������ 9,590 -2,122 100 1,198 -7,918 3,003 145 181 602 14,401

Commercial banks������������������������������������������������������� 8,064 -2,789 100 1,195 -7,204 2,194 113 37 618 13,800

Savings institutions ����������������������������������������������������� 1,526 667 0 3 -714 808 33 144 -16 601

Performance Ratios (annualized, %

Yield on earning assets������������������������������������������������������ 4.80 11.61 3.93 5.70 5.03 5.10 5.81 3.99

Cost of funding earning assets ������������������������������������������ 1.34 1.39 0.99 1.79 1.56 1.88 1.68 1.19

Net interest margin������������������������������������������������������ 3.46 10.23 2.94 3.92 3.48 3.22 4.13 2.79

Noninterest income to assets��������������������������������������������� 1.97 5.39 2.00 0.66 1.49 0.79 2.14 7.95

Noninterest expense to assets������������������������������������������� 2.86 5.77 2.61 2.74 3.05 1.83 2.81 8.96

Loan and lease loss provision to assets���������������������������� 1.87 8.94 1.55 0.48 1.71 1.12 2.76 0.18

Net operating income to assets ����������������������������������������� 0.14 -0.68 0.27 0.89 -0.21 0.45 0.21 0.73

Pretax return on assets ������������������������������������������������������ 0.14 -0.93 -0.06 1.07 -0.21 0.84 0.46 1.15

Return on assets����������������������������������������������������������������� 0.10 -0.58 0.00 0.91 -0.20 0.47 0.22 0.64

Return on equity ����������������������������������������������������������������� 0.93 -2.45 0.05 8.20 -1.92 5.35 2.13 3.70

Net charge-offs to loans and leases���������������������������������� 2.38 9.93 2.90 0.51 1.77 1.26 2.64 0.80

Loan and lease loss provision to net charge-offs�������������� 138.79 125.23 142.61 141.22 139.38 134.84 132.47 88.56 134

Efficiency ratio �������������������������������������������������������������������� 54.96 39.16 57.91 63.49 61.09 47.79 46.12 81.97 6

% of unprofitable institutions���������������������������������������������� 28.31 37.50 75.00 10.46 39.11 21.23 18.52 16.55 1

% of institutions with earnings gains���������������������������������� 37.54 25.00 0.00 39.48 32.92 57.29 41.98 35.21 4

Condition Ratios (%

Earning assets to total assets �������������������������������������������� 86.11 80.92 84.29 91.90 88.02 93.25 93.47 88.55 9

Loss Allowance to:

Loans and leases �������������������������������������������������������� 2.97 9.23 4.11 1.43 2.36 1.46 2.97 1.43

Noncurrent loans and leases �������������������������������������� 60.08 299.84 59.07 75.41 51.27 34.40 190.18 89.10 7

Noncurrent assets plus

other real estate owned to assets������������������������������� 3.07 2.09 2.63 1.59 3.70 3.10 1.29 0.60

Equity capital ratio�������������������������������������������������������������� 10.90 25.25 8.45 11.32 10.98 9.31 10.87 17.57 1

Core capital (leverage) ratio����������������������������������������������� 8.54 19.03 6.92 10.09 8.63 8.60 10.38 15.82 

Tier 1 risk-based capital ratio��������������������������������������������� 11.49 13.60 11.40 13.65 10.58 17.08 13.72 35.00 1

Total risk-based capital ratio ���������������������������������������������� 14.17 15.64 14.66 14.76 13.07 18.02 15.53 35.75 1

Net loans and leases to deposits��������������������������������������� 79.05 115.67 54.91 81.37 90.61 105.76 93.69 32.50 6

Net loans to total assets����������������������������������������������������� 54.31 61.65 34.13 65.47 67.33 63.25 77.07 24.17 5

Domestic deposits to total assets �������������������������������������� 57.02 45.10 29.72 80.46 71.68 59.72 80.87 73.97 8

Structural Changes

New charters ��������������������������������������������������������������� 28 0 0 1 6 1 0 17 1 2

Institutions absorbed by mergers ������������������������������� 136 1 0 15 109 2 0 1 5 3

Failed institutions �������������������������������������������������������� 95 0 0 3 83 5 0 0 4 0

PRIOR First Thr

(The way it was...)

Number of institutions ������������������������������������������������2008 8,384 26 4 1,588 4,810 827 100 298 691 40

��������������������������������������������������������2006 8,743 29 4 1,691 4,710 845 125 398 886 55

��������������������������������������������������������2004 9,024 35 6 1,783 4,385 1,000 136 458 1,138 83

Total assets (in billions)����������������������������������������������2008 $13,573.0 $467.9 $3,263.3 $168.1 $6,077.9 $1,060.5 $71.0 $36.0 $93.

��������������������������������������������������������2006 11,754.2 382.0 2,128.5 151.5 4,673.1 1,790.4 107.1 42.3 117

��������������������������������������������������������2004 9,877.2 367.9 1,565.9 137.7 3,195.3 1,405.2 211.7 54.1 147

Return on assets (%)��������������������������������������������������2008 0.32 2.42 0.31 1.12 0.23 -0.35 1.01 1.56

��������������������������������������������������������2006 1.33 4.42 1.03 1.29 1.32 1.07 1.69 1.33

��������������������������������������������������������2004 1.29 3.90 0.89 1.28 1.33 1.20 0.82 1.47

Net charge-offs to loans & leases (%) �����������������������2008 1.18 5.64 1.28 0.29 0.98 0.74 1.84 0.43

��������������������������������������������������������2006 0.36 3.38 0.59 0.14 0.18 0.14 1.00 0.53

��������������������������������������������������������2004 0.55 4.69 1.05 0.17 0.29 0.11 0.94 0.46

Noncurrent plus OREO to assets (%) ������������������������2008 1.55 1.73 1.17 1.15 1.92 2.30 0.80 0.28

��������������������������������������������������������2006 0.50 1.35 0.40 0.67 0.52 0.52 0.65 0.20

��������������������������������������������������������2004 0.57 1.30 0.69 0.77 0.55 0.59 0.63 0.30

Equity capital ratio (%)������������������������������������������������2008 9.62 20.85 7.13 11.07 10.66 7.95 9.14 19.61 

��������������������������������������������������������2006 10.41 27.18 7.82 10.94 10.39 10.54 9.76 22.46 

��������������������������������������������������������2004 10.13 20.78 7.27 10.87 10.40 8.74 13.62 16.95 1

* Asset Concentration Group Definitions (Groups are hierarchical and mutually exclusive):

Credit-card Banks - Institutions whose credit-card loans plus securitized receivables exceed 50 percent of total assets plus securitized receivables

International Banks - Banks with assets greater than $10 billion and more than 25 percent of total assets in foreign offices

Agricultural Banks - Banks whose agricultural production loans plus real estate loans secured by farmland exceed 25 percent of their total loans and leases

Commercial Lenders - Institutions whose commercial and industrial loans, plus real estate construction and development loans, plus loans secured by commercial real estate properties 

exceed 25 percent of total assets

Mortgage Lenders - Institutions whose residential mortgage loans, plus mortgage-backed securities, exceed 50 percent of total assets

Consumer Lenders - Institutions whose residential mortgage loans, plus credit-card loans, plus other loans to individuals, exceed 50 percent of total assets

Other Specialized < $1 Billion - Institutions with assets less than $1 billion, whose loans and leases are less than 40 percent of total assets

All Other < $1 billion - Institutions with assets less than $1 billion that do not meet any of the definitions above, they have significant lending activity with no identified asset concentrations

All Other > $1 billion - Institutions with assets greater than $1 billion that do not meet any of the definitions above, they have significant lending activity with no identified asset 

concentrations
FDIC Quarterly 9 2009, Volume 3, No. 4

Quarterly Banking Profile

TABLE IV-A. First Three Quarters 2009, All FDIC-Insured Institutions

Asset Size Distribution Geographic Regions

First Three

(The way it is...)

All Insured 

Institutions

Less than 

$100 Million

$100 Million 

to 

$1 Billion

$1 Billion 

to 

$10 Billion

Greater 

than 

$10 Billion New York Atlanta Chicago

Kansas 

City Dallas

San 

Francisco

Number of institutions reporting��������������������� 8,099 2,912 4,496 579 112 989 1,140 1,666 1,895 1,672 737

Commercial banks����������������������������������� 6,911 2,588 3,798 440 85 519 1,005 1,371 1,795 1,551 670

Savings institutions ��������������������������������� 1,188 324 698 139 27 470 135 295 100 121 67

Total assets (in billions)���������������������������������� $13,247.3 $160.3 $1,346.1 $1,497.9 $10,243.0 $2,501.5 $3,450.5 $3,106.1 $1,077.8 $755

Commercial banks����������������������������������� 11,866.4 142.9 1,104.2 1,158.9 9,460.3 1,785.7 3,317.6 2,963.1 1,028.7 64

Savings institutions ��������������������������������� 1,380.9 17.3 241.9 339.0 782.7 715.8 132.8 143.0 49.1 

Total deposits (in billions)������������������������������� 9,100.9 132.4 1,090.3 1,116.7 6,761.5 1,642.9 2,467.4 2,039.1 825.4 57

Commercial banks����������������������������������� 8,178.2 119.0 904.3 863.5 6,291.4 1,144.4 2,368.7 1,934.3 788.7 50

Savings institutions ��������������������������������� 922.7 13.4 186.0 253.2 470.1 498.5 98.7 104.8 36.7

Net income (in millions)���������������������������������� 9,590 255 781 -3,863 12,418 -2,631 2,629 5,313 5,889 2,166 -3,777

Commercial banks����������������������������������� 8,064 166 945 -3,145 10,098 -3,862 3,303 6,443 5,914 1,718 -5,451

Savings institutions ��������������������������������� 1,526 89 -165 -718 2,320 1,231 -674 -1,129 -25 447 1,674

Performance Ratios (annualized, %

Yield on earning assets���������������������������������� 4.80 5.65 5.57 5.25 4.61 5.21 4.45 4.24 5.6

Cost of funding earning assets ���������������������� 1.34 1.81 1.97 1.84 1.17 1.52 1.29 1.19 1.1

Net interest margin���������������������������������� 3.46 3.84 3.61 3.42 3.44 3.69 3.16 3.05 4.4

Noninterest income to assets������������������������� 1.97 1.30 0.98 1.41 2.19 1.87 1.92 2.20 3.1

Noninterest expense to assets����������������������� 2.86 3.85 3.22 3.10 2.77 2.76 2.62 2.94 3.9

Loan and lease loss provision to assets�������� 1.87 0.61 0.96 1.70 2.03 1.93 1.90 1.59 1.9

Net operating income to assets ��������������������� 0.14 0.20 0.06 -0.34 0.21 0.27 0.01 0.17 0.76

Pretax return on assets ���������������������������������� 0.14 0.36 0.13 -0.31 0.21 -0.20 0.15 0.36 1.13

Return on assets��������������������������������������������� 0.10 0.22 0.08 -0.35 0.16 -0.14 0.10 0.22 0.74

Return on equity ��������������������������������������������� 0.93 1.72 0.78 -3.26 1.55 -1.14 0.92 2.65 7.19

Net charge-offs to loans and leases�������������� 2.38 0.76 1.00 1.82 2.74 2.73 2.18 2.15 2.4

Loan and lease loss provision to net 

charge-offs ���������������������������������������������� 138.79 128.49 138.48 136.93 139.09 132.12 148.11 144.30 120.08 13

Efficiency ratio ������������������������������������������������ 54.96 78.89 73.63 63.78 51.52 52.38 54.12 57.16 54.81 

% of unprofitable institutions�������������������������� 28.31 26.10 28.43 36.27 40.18 27.30 53.07 23.77 18.26 

% of institutions with earnings gains�������������� 37.54 40.01 37.08 30.74 26.79 49.75 25.96 38.18 36.68 

Condition Ratios (%

Earning assets to total assets ������������������������ 86.11 91.51 91.78 90.64 84.62 85.53 83.23 86.98 88.28 

Loss Allowance to:

Loans and leases ������������������������������������ 2.97 1.53 1.65 2.14 3.38 3.08 2.82 3.13 2.6

Noncurrent loans and leases ������������������ 60.08 62.97 48.10 49.58 62.95 90.71 52.85 54.83 58.36 

Noncurrent assets plus

other real estate owned to assets����������� 3.07 2.12 3.14 3.50 3.02 1.89 3.51 3.18 3.4

Equity capital ratio������������������������������������������ 10.90 12.44 10.13 10.77 11.00 12.98 11.59 8.69 10.85 

Core capital (leverage) ratio��������������������������� 8.54 11.91 9.52 9.27 8.25 9.80 7.93 7.17 9.1

Tier 1 risk-based capital ratio������������������������� 11.49 17.67 13.11 12.52 11.04 12.85 10.35 9.87 10.41 

Total risk-based capital ratio �������������������������� 14.17 18.75 14.31 13.87 14.13 14.97 13.68 13.13 12.75 

Net loans and leases to deposits������������������� 79.05 75.20 83.68 88.03 76.90 77.47 80.60 74.09 84.51 

Net loans to total assets��������������������������������� 54.31 62.13 67.78 65.63 50.76 50.88 57.64 48.64 64.72 

Domestic deposits to total assets ������������������ 57.02 82.61 80.95 73.99 50.99 56.80 63.01 51.65 71.28 

Structural Changes

New charters ������������������������������������������� 28 24 1 1 2 3 10 5 0 6 4

Institutions absorbed by mergers ����������� 136 58 62 11 5 24 21 27 34 21 9

Failed institutions ������������������������������������ 95 15 64 13 3 6 29 20 10 5 25

PRIOR First Thr

(The way it was...)

Number of institutions ��������������������������� 2008 8,384 3,240 4,470 560 114 1,027 1,197 1,721 1,943 1,719 777

����������������������������������� 2006 8,743 3,731 4,369 523 120 1,097 1,232 1,848 2,027 1,767 772

����������������������������������� 2004 9,024 4,204 4,223 480 117 1,136 1,223 1,968 2,104 1,840 753

Total assets (in billions)������������������������� 2008 $13,573.0 $174.9 $1,338.2 $1,474.7 $10,585.2 $2,689.5 $3,427.5 $3,324.7 $1,009.2 $770

����������������������������������� 2006 11,754.2 194.2 1,283.5 1,422.5 8,854.0 2,963.5 2,928.6 2,736.1 814.5 64

����������������������������������� 2004 9,877.2 217.7 1,177.3 1,326.4 7,155.9 3,403.0 2,104.7 1,745.7 763.1 58

Return on assets (%)����������������������������� 2008 0.32 0.47 0.44 0.18 0.33 0.59 0.30 0.31 0.93

����������������������������������� 2006 1.33 1.01 1.20 1.30 1.36 1.24 1.34 1.07 1.6

����������������������������������� 2004 1.29 1.02 1.19 1.48 1.28 1.14 1.40 1.13 1.5

Net charge-offs to loans & leases (%) �� 2008 1.18 0.31 0.49 0.88 1.37 1.31 0.98 1.15 1.3

����������������������������������� 2006 0.36 0.14 0.14 0.19 0.43 0.56 0.16 0.24 0.3

����������������������������������� 2004 0.55 0.22 0.23 0.35 0.66 0.81 0.31 0.36 0.7

Noncurrent plus OREO to assets (%) ��� 2008 1.55 1.40 1.82 2.03 1.46 0.98 1.67 1.56 1.9

����������������������������������� 2006 0.50 0.72 0.57 0.46 0.49 0.44 0.31 0.54 0.8

����������������������������������� 2004 0.57 0.82 0.61 0.53 0.56 0.56 0.39 0.68 0.6

Equity capital ratio (%)��������������������������� 2008 9.62 13.14 10.18 10.87 9.32 10.92 10.14 8.56 9.6

����������������������������������� 2006 10.41 13.04 10.46 11.00 10.25 11.13 9.76 9.03 11.18 

����������������������������������� 2004 10.13 11.94 10.20 10.83 9.94 10.16 8.45 10.47 10.52 

* Regions

New York - Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Puerto Rico, Rhode Island, 

Vermont, U.S. Virgin Islan

Atlanta - Alabama, Florida, Georgia, North Carolina, South Carolina, Virginia, West Virginia

Chicago - Illinois, Indiana, Kentucky, Michigan, Ohio, Wisconsin

Kansas City - Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, South Dakota

Dallas - Arkansas, Colorado, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee, Texas

San Francisco - Alaska, Arizona, California, Hawaii, Idaho, Montana, Nevada, Oregon, Pacific Islands, Utah, Washington, Wyoming
FDIC Quarterly 10 2009, Volume 3, No. 4

TABLE V-A. Loan Performance, All FDIC-Insured Institutions

Asset Concentration Groups*

September 30, 2009 All Insured 

Institutions

Credit 

Card 

Banks

International 

Banks

Agricultural 

Banks

Commercial 

Lenders

Mortgage 

Lenders

Consumer 

Lenders

Other 

Specialized 

<$1 Billion

All Other 

<$1 

Billion

All Other 

>$1 

Billion

Percent of Loans 30-89 Days Past Due

All loans secured by real estate ��������������������������������������� 2.23 1.70 3.46 1.14 1.95 2.26 1.35 1.74

Construction and development��������������������������������� 2.88 4.66 3.60 2.14 2.97 4.23 3.39 1.82

Nonfarm nonresidential��������������������������������������������� 1.21 0.00 0.79 1.10 1.28 1.27 1.81 1.37

Multifamily residential real estate ����������������������������� 1.13 0.00 0.62 0.94 1.44 1.14 0.45 2.18

Home equity loans����������������������������������������������������� 1.35 1.84 1.93 0.60 0.90 1.50 1.05 0.58

Other 1-4 family residential��������������������������������������� 3.15 1.72 5.25 1.74 2.71 2.37 1.55 2.18

Commercial and industrial loans ������������������������������������� 0.95 4.67 0.43 1.48 1.08 1.11 1.39 1.19

Loans to individuals���������������������������������������������������������� 2.57 3.29 2.27 2.11 2.10 1.90 2.06 1.47

Credit card loans ������������������������������������������������������� 3.08 3.18 3.46 3.99 2.33 3.30 1.39 2.72

Other loans to individuals ����������������������������������������� 2.26 4.09 1.83 2.02 2.06 1.47 2.27 1.43

All other loans and leases (including farm) ��������������������� 0.52 0.01 0.38 0.74 0.68 0.43 0.35 0.87

Total loans and leases������������������������������������������������������ 1.92 3.05 2.24 1.15 1.73 2.22 1.80 1.57

Percent of Loans Noncurrent**

All real estate loans ���������������������������������������������������������� 6.41 2.72 9.52 2.32 5.75 4.43 1.80 2.00

Construction and development.................................. 15.00 1.04 

Nonfarm nonresidential��������������������������������������������� 3.40 0.00 3.26 2.63 3.28 3.39 2.05 1.62

Multifamily residential real estate ����������������������������� 3.58 0.00 3.38 2.62 3.95 2.84 1.12 1.82

Home equity loans����������������������������������������������������� 1.76 3.65 1.94 0.79 1.15 1.86 0.76 0.60

Other 1-4 family residential��������������������������������������� 8.06 3.38 15.27 1.64 5.69 4.53 2.67 2.19 

Commercial and industrial loans ������������������������������������� 3.56 4.43 6.95 2.40 2.81 2.01 0.85 1.76

Loans to individuals���������������������������������������������������������� 2.08 3.35 2.67 0.97 1.26 1.42 1.55 0.48

Credit card loans ������������������������������������������������������� 3.29 3.25 4.20 4.94 2.97 3.73 1.48 0.81

Other loans to individuals ����������������������������������������� 1.34 4.02 2.10 0.78 0.98 0.72 1.57 0.47

All other loans and leases (including farm) ��������������������� 1.64 0.01 2.88 0.76 1.31 0.63 0.10 0.44

Total loans and leases������������������������������������������������������ 4.94 3.08 6.95 1.89 4.61 4.25 1.55 1.60

Percent of Loans Charged-off (net, YTD)

All real estate loans ���������������������������������������������������������� 1.87 1.93 2.88 0.38 1.65 1.16 1.59 0.48

Construction and development��������������������������������� 4.79 0.00 2.25 2.25 4.91 5.33 2.90 1.31

Nonfarm nonresidential��������������������������������������������� 0.62 0.00 1.26 0.40 0.64 0.72 0.76 0.19

Multifamily residential real estate ����������������������������� 0.92 0.00 0.68 0.23 1.10 0.79 0.00 0.01

Home equity loans����������������������������������������������������� 2.82 0.00 3.17 0.38 1.47 3.45 2.04 0.11

Other 1-4 family residential��������������������������������������� 1.64 2.88 3.60 0.27 1.16 0.89 1.05 0.61

Commercial and industrial loans ������������������������������������� 2.28 15.42 2.48 1.17 1.97 1.45 4.99 0.85

Loans to individuals���������������������������������������������������������� 5.41 10.31 4.74 1.02 2.63 3.65 2.87 1.85

Credit card loans ������������������������������������������������������� 9.17 9.63 8.12 9.18 7.96 10.22 5.33 11.57

Other loans to individuals ����������������������������������������� 3.01 15.09 3.33 0.57 1.80 1.56 2.14 0.49

All other loans and leases (including farm) ��������������������� 1.18 0.00 1.47 0.00 1.38 0.81 1.43 0.96

Total loans and leases������������������������������������������������������ 2.38 9.93 2.90 0.51 1.77 1.26 2.62 0.80

Loans Outstanding (in billions)

All real estate loans ���������������������������������������������������������� $4,526.7 $0.2 $566.1 $68.4 $2,433.0 $512.3 $19.9 $5.8 $4

Construction and development��������������������������������� 492.2 0.0 10.9 4.8 391.6 11.0 0.6 0.

Nonfarm nonresidential��������������������������������������������� 1,089.9 0.0 32.2 19.5 858.7 26.5 0.9 1.8 

Multifamily residential real estate ����������������������������� 216.5 0.0 40.1 1.4 137.8 12.2 0.1 0.

Home equity loans����������������������������������������������������� 667.5 0.0 139.6 1.4 263.3 33.6 10.3 0.3

Other 1-4 family residential��������������������������������������� 1,928.5 0.1 293.2 18.2 736.7 428.3 8.0 2.8 

Commercial and industrial loans ������������������������������������� 1,275.6 29.5 220.9 15.5 671.9 9.7 4.8 1.2

Loans to individuals���������������������������������������������������������� 1,040.2 273.5 187.8 6.7 267.4 22.3 50.7 1.7

Credit card loans ������������������������������������������������������� 393.0 240.4 51.0 0.3 37.4 5.2 12.2 0.

Other loans to individuals ����������������������������������������� 647.2 33.1 136.9 6.4 230.0 17.1 38.4 1.6

All other loans and leases (including farm) ��������������������� 575.0 36.8 159.3 27.3 203.9 2.8 1.2 0.6

Total loans and leases (plus unearned income)�������������� 7,417.6 340.0 1,134.1 117.9 3,576.2 547.1 76.7 9.3 57

Memo: Other Real Estate Owned (in millions

All other real estate owned����������������������������������������������� 37,164.6 -30.5 2,500.0 582.6 26,498.4 3,119.6 47.4 65.4 328

Construction and development��������������������������������� 14,866.2 0.0 27.0 210.5 13,095.0 915.5 20.2 23.1 

Nonfarm nonresidential��������������������������������������������� 5,838.2 0.2 138.0 168.9 4,859.1 128.8 3.1 18.2 

Multifamily residential real estate ����������������������������� 1,441.8 0.0 52.0 23.3 1,120.7 37.6 5.1 0.9 

1-4 family residential ������������������������������������������������� 12,428.8 0.4 1,502.0 133.8 6,664.3 1,854.5 17.7 21.9 123

Farmland�������������������������������������������������������������������� 225.7 0.0 0.0 45.5 167.4 1.9 1.2 1

GNMA properties������������������������������������������������������� 2,323.5 0.0 628.0 0.6 580.5 274.4 0.0 0.0

* See Table IV-A (page 8) for explanations

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status
FDIC Quarterly 11 2009, Volume 3, No. 4

Quarterly Banking Profile

TABLE V-A. Loan Performance, All FDIC-Insured Institutions

Asset Size Distribution Geographic Regions

September 30, 2009 All Insured 

Institutions

Less than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to 

$10 Billion

Greater 

than 

$10 Billion New York Atlanta Chicago

Kansas 

City Dallas

San 

Francisco

Percent of Loans 30-89 Days Past Due 

All loans secured by real estate ������������������������������ 2.23 1.79 1.65 1.47 2.56 1.50 2.65 2.41 1.4

Construction and development������������������������ 2.88 2.55 2.75 2.44 3.16 2.57 2.95 3.58 2.4

Nonfarm nonresidential������������������������������������ 1.21 1.45 1.33 1.04 1.23 1.11 1.45 1.33 0.9

Multifamily residential real estate �������������������� 1.13 1.34 1.29 1.46 0.98 0.94 1.31 1.23 0.6

Home equity loans�������������������������������������������� 1.35 0.99 0.86 0.81 1.43 0.66 1.49 1.51 1.3

Other 1-4 family residential������������������������������ 3.15 2.24 1.79 1.64 3.63 1.74 3.81 3.45 1.8

Commercial and industrial loans ���������������������������� 0.95 1.81 1.42 1.24 0.83 1.36 0.82 0.84 1.3

Loans to individuals������������������������������������������������� 2.57 2.48 2.10 2.16 2.64 3.22 2.57 2.12 3.1

Credit card loans ���������������������������������������������� 3.08 3.56 3.15 2.01 3.15 3.41 3.02 2.94 3.1

Other loans to individuals �������������������������������� 2.26 2.47 2.02 2.22 2.28 2.90 2.44 1.90 3.1

All other loans and leases (including farm) ������������ 0.52 0.59 0.64 0.80 0.49 0.45 0.29 0.86 0.6

Total loans and leases��������������������������������������������� 1.92 1.71 1.60 1.47 2.07 1.75 2.15 1.95 1.5

Percent of Loans Noncurrent** 

All real estate loans ������������������������������������������������� 6.41 2.79 3.89 5.24 7.38 3.77 7.22 7.60 6.8

Construction and development������������������������ 15.00 8.93 11.87 15.29 16.34 14.10 14.60 17.48 13.96

Nonfarm nonresidential������������������������������������ 3.40 2.79 2.64 3.03 4.00 3.26 3.99 3.92 2.8

Multifamily residential real estate �������������������� 3.58 2.30 3.26 3.81 3.60 2.32 5.21 3.93 2.0

Home equity loans�������������������������������������������� 1.76 1.12 1.15 1.13 1.86 0.74 2.28 1.71 2.1

Other 1-4 family residential������������������������������ 8.06 2.05 2.57 3.80 9.79 3.21 8.96 11.19 12.3

Commercial and industrial loans ���������������������������� 3.56 2.64 2.30 2.36 3.91 3.33 2.96 3.58 2.3

Loans to individuals������������������������������������������������� 2.08 1.12 0.94 1.31 2.22 2.93 1.36 1.44 2.1

Credit card loans ���������������������������������������������� 3.29 2.48 2.76 1.68 3.41 3.53 2.76 3.11 2.9

Other loans to individuals �������������������������������� 1.34 1.10 0.80 1.16 1.41 1.90 0.95 1.00 1.4

All other loans and leases (including farm) ������������ 1.64 0.74 0.96 1.19 1.76 1.26 0.95 2.40 0.6

Total loans and leases��������������������������������������������� 4.94 2.42 3.42 4.32 5.37 3.40 5.34 5.71 4.5

Percent of Loans Charged-off (net, YTD) 

All real estate loans ������������������������������������������������� 1.87 0.63 0.88 1.66 2.17 0.81 2.26 2.05 1.7

Construction and development������������������������ 4.79 2.93 3.04 5.68 5.16 3.08 4.68 5.36 3.7

Nonfarm nonresidential������������������������������������ 0.62 0.45 0.39 0.63 0.74 0.51 0.51 0.98 0.5

Multifamily residential real estate �������������������� 0.92 0.49 0.53 1.07 0.96 0.48 1.28 1.10 0.4

Home equity loans�������������������������������������������� 2.82 0.82 0.71 1.02 3.12 0.87 3.80 2.02 3.6

Other 1-4 family residential������������������������������ 1.64 0.35 0.55 0.83 1.97 0.65 1.85 2.04 1.1

Commercial and industrial loans ���������������������������� 2.28 1.43 1.48 2.07 2.40 3.34 1.57 1.95 2.5

Loans to individuals������������������������������������������������� 5.41 1.27 1.75 3.14 5.81 8.57 3.53 3.37 6.6

Credit card loans ���������������������������������������������� 9.17 11.19 9.39 6.64 9.31 10.03 8.75 8.68 10.4

Other loans to individuals �������������������������������� 3.01 0.92 1.18 1.82 3.31 5.96 2.01 1.82 3.5

All other loans and leases (including farm) ������������ 1.18 0.00 0.70 1.03 1.25 0.73 0.94 1.69 0.5

Total loans and leases��������������������������������������������� 2.38 0.76 1.00 1.82 2.74 2.73 2.17 2.15 2.4

Loans Outstanding (in billions) 

All real estate loans ������������������������������������������������� $4,526.7 $69.3 $725.5 $730.2 $3,001.6 $806.5 $1,303.2 $957.7 $393.3 $3

Construction and development������������������������ 492.2 6.7 108.0 123.2 254.3 60.9 173.8 88.6 43.

Nonfarm nonresidential������������������������������������ 1,089.9 20.7 268.9 272.4 527.9 207.0 291.9 205.4 110.2 

Multifamily residential real estate �������������������� 216.5 1.9 32.0 45.9 136.7 56.3 40.1 62.0 12

Home equity loans�������������������������������������������� 667.5 2.4 39.6 50.7 574.8 74.0 227.7 198.9 79.

Other 1-4 family residential������������������������������ 1,928.5 28.8 244.4 225.2 1,430.1 403.2 550.6 385.3 126.5 

Commercial and industrial loans ���������������������������� 1,275.6 13.3 118.6 149.6 994.2 170.6 357.6 295.4 128.7

Loans to individuals������������������������������������������������� 1,040.2 7.3 44.5 86.5 901.9 257.1 241.7 179.6 92.0

Credit card loans ���������������������������������������������� 393.0 0.1 3.1 24.8 364.9 162.6 54.5 37.7 42.

Other loans to individuals �������������������������������� 647.2 7.2 41.4 61.7 536.9 94.4 187.2 141.8 49.7

All other loans and leases (including farm) ������������ 575.0 11.2 39.6 39.1 485.1 79.6 144.2 127.0 102.

Total loans and leases (plus unearned income)����� 7,417.6 101.1 928.1 1,005.5 5,382.8 1,313.7 2,046.8 1,559.8 716.7 49

Memo: Other Real Estate Owned (in millions)

All other real estate owned�������������������������������������� 37,164.6 949.4 10,394.3 8,746.1 17,074.8 2,485.0 11,594.5 9,161.3 4,503.8 3,92

Construction and development������������������������ 14,866.2 328.1 5,305.7 4,689.3 4,543.0 662.6 5,036.3 2,650.3 1,739.6 1,88

Nonfarm nonresidential������������������������������������ 5,838.2 259.4 2,137.2 1,612.0 1,829.7 571.3 1,658.0 1,238.1 806.5 

Multifamily residential real estate �������������������� 1,441.8 26.2 335.7 448.9 631.0 144.9 495.4 328.6 108.9 

1-4 family residential ���������������������������������������� 12,428.8 315.0 2,481.6 1,837.9 7,794.3 1,061.2 4,202.6 3,770.8 971.3 93

Farmland����������������������������������������������������������� 225.7 20.3 127.6 61.1 16.7 10.1 35.8 37.0 35.

GNMA properties���������������������������������������������� 2,323.5 0.5 8.5 97.5 2,217.1 23.4 166.6 1,224.2 842.

* See Table IV-A (page 9) for explanations

** Noncurrent loan rates represent the percentage of loans in each category that are past due 90 days or more or that are in nonaccrual status
FDIC Quarterly 12 2009, Volume 3, No. 4

TABLE VI-A. Derivatives, All FDIC-Insured Commercial Banks and State-Chartered Savings Banks

Asset Size Distribution

(dollar figures in millions;

notional amounts unless otherwise indicated)

3rd Quarter

2009

2nd Quarter

2009

1st Quarter 

2009

4th Quarter 

2008

3rd Quarter 

2008

% Change 

08Q3-

09Q3

Less 

than $100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to $10 

Billion

Greater than 

$10 Billion

ALL DERIVATIVE HOLDE

Number of institutions reporting derivatives����������������� 1,171 1,214 1,170 1,102 1,070 9.4 94 693 304 8

Total assets of institutions reporting derivatives ���������� $10,545,662 $10,594,628 $10,672,649 $10,975,123 $10,723,563 -1.7 $6,641 $291,061 $876,990 $9,370,97

Total deposits of institutions reporting derivatives������� 7,182,788 7,097,202 6,983,343 7,091,683 6,801,835 5.6 5,487 232,986 656,565 6,287,75

Total derivatives������������������������������������������������������������� 206,393,244 204,956,766 203,388,099 212,114,644 177,121,812 16.5 284 20,444 59,854 206,312,66

Derivative Contracts by Underlying Risk Exposur

Interest rate�������������������������������������������������������������������� 172,577,250 171,919,307 169,395,794 175,894,783 137,207,613 25.8 273 19,813 56,366 172,500,79

Foreign exchange*��������������������������������������������������������� 17,721,486 16,646,714 16,272,958 16,922,815 19,729,753 -10.2 0 27 2,321 17,719,13

Equity ����������������������������������������������������������������������������� 2,182,024 2,041,640 2,174,368 2,206,793 2,786,005 -21.7 11 172 916 2,180,92

Commodity & other (excluding credit derivatives)�������� 926,295 909,033 938,063 1,061,132 1,250,074 -25.9 0 300 191 925,80

Credit������������������������������������������������������������������������������ 12,986,189 13,440,073 14,606,916 16,029,122 16,148,367 -19.6 0 132 60 12,985,99

Total�������������������������������������������������������������������������������� 206,393,244 204,956,766 203,388,099 212,114,644 177,121,812 16.5 284 20,444 59,854 206,312,66

Derivative Contracts by Transaction Type 

Swaps ���������������������������������������������������������������������������� 135,921,737 135,613,803 133,873,113 143,110,842 108,289,345 25.5 30 10,179 37,363 135,874,16

Futures & forwards �������������������������������������������������������� 24,879,311 24,706,143 23,587,682 22,528,731 24,492,578 1.6 116 4,344 11,571 24,863,28

Purchased options��������������������������������������������������������� 15,427,830 14,928,696 14,936,181 14,824,429 13,491,255 14.4 20 816 3,339 15,423,65

Written options��������������������������������������������������������������� 15,065,820 14,787,419 14,983,352 14,922,615 13,454,312 12.0 118 4,972 7,210 15,053,52

Total�������������������������������������������������������������������������������� 191,294,699 190,036,061 187,380,328 195,386,617 159,727,490 19.8 284 20,310 59,483 191,214,62

Fair Value of Derivative Contracts 

Interest rate contracts���������������������������������������������������� 123,736 126,040 138,559 131,483 27,300 353.2 1 4 60 123,67

Foreign exchange contracts������������������������������������������ -5,040 -10,568 -10,459 -16,942 15,054 N/M 0 0 2 -5,041

Equity contracts������������������������������������������������������������� -241 679 3,114 2,871 3,742 N/M 0 3 17 -261

Commodity & other (excluding credit derivatives)�������� 3,615 1,156 4,158 3,848 3,173 13.9 0 8 2 3,60

Credit derivatives as guarantor������������������������������������� -234,357 -476,973 -959,080 -975,755 -566,035 N/M 0 0 2 -234,360

Credit derivatives as beneficiary����������������������������������� 266,208 525,587 1,031,185 1,046,813 603,936 -55.9 0 -1 -3 266,21

Derivative Contracts by Maturity** 

Interest rate contracts ����������������������������� < 1 year 74,555,166 72,457,913 68,442,052 58,618,112 40,400,427 84.5 77 3,732 15,963 74,535,39

 ������������������������������������������ 1-5 years 33,977,568 35,921,531 37,293,223 47,456,432 37,760,963 -10.0 13 7,380 16,488 33,953,68

 ������������������������������������������ > 5 years 26,620,709 28,356,868 29,984,848 36,868,247 28,785,015 -7.5 18 3,328 15,541 26,601,82

Foreign exchange contracts ������������������� < 1 year 9,674,124 9,490,043 9,234,331 10,561,395 12,664,219 -23.6 0 20 1,522 9,672,58

 ������������������������������������������ 1-5 years 2,405,751 2,293,453 2,163,751 2,168,136 1,787,926 34.6 0 3 8 2,405,74

 ������������������������������������������ > 5 years 1,325,262 1,193,852 1,056,793 1,079,943 676,596 95.9 0 0 0 1,325,26

Equity contracts��������������������������������������� < 1 year 358,462 343,418 348,777 409,029 508,748 -29.5 2 31 83 358,34

 ������������������������������������������ 1-5 years 301,995 291,182 286,171 256,252 332,908 -9.3 2 82 421 301,49

 ������������������������������������������ > 5 years 82,835 75,716 82,843 72,337 81,967 1.1 0 0 4 82,83

Commodity & other contracts ����������������� < 1 year 237,860 252,705 279,748 264,916 294,036 -19.1 0 12 146 237,70

 ������������������������������������������ 1-5 years 233,829 211,329 206,173 261,768 288,860 -19.1 0 113 12 233,70

 ������������������������������������������ > 5 years 43,612 45,443 41,546 45,031 88,832 -50.9 0 13 0 43,59

Risk-Based Capital: Credit Equivalent Amount

Total current exposure to tier 1 capital (%)������������������� 57.3 66.7 86.2 107.4 60.3 0.1 0.6

Total potential future exposure to tier 1 capital (%)������ 83.6 80.6 89.2 103.2 122.3 0.1 0.4

Total exposure (credit equivalent amount) 

to tier 1 capital (%)�������������������������������������������������� 140.9 147.3 175.3 210.6 182.6 0.2 1.0 

Credit losses on derivatives***���������������������������������� 603.0 383.0 217.0 1,072.0 227.0 165.6 0.0 7.0

HELD FOR TRADI

Number of institutions reporting derivatives����������������� 208 204 200 181 187 11.2 10 73 69 5

Total assets of institutions reporting derivatives ���������� 8,917,601 8,913,300 9,017,972 9,413,833 9,236,235 -3.4 748 30,805 273,194 8,612,85

Total deposits of institutions reporting derivatives������� 6,018,321 5,990,013 5,887,336 6,085,115 5,856,346 2.8 588 24,623 199,322 5,793,78

Derivative Contracts by Underlying Risk Exposur

Interest rate�������������������������������������������������������������������� 170,554,634 169,591,911 167,216,659 173,827,598 135,190,125 26.2 37 833 17,352 170,536,41

Foreign exchange���������������������������������������������������������� 15,516,932 15,058,290 14,766,077 16,147,796 18,396,233 -15.7 0 0 1,611 15,515,32

Equity ����������������������������������������������������������������������������� 2,175,796 2,034,228 2,162,149 2,195,068 2,773,712 -21.6 0 1 255 2,175,53

Commodity & other�������������������������������������������������������� 924,183 906,108 935,634 1,058,678 1,246,952 -25.9 0 9 111 924,06

Total�������������������������������������������������������������������������������� 189,171,544 187,590,538 185,080,520 193,229,140 157,607,022 20.0 37 843 19,329 189,151,33

Trading Revenues: Cash & Derivative Instruments

Interest rate�������������������������������������������������������������������� 5,437 1,080 9,084 -5,298 -132 N/M 0 0 58 5,378

Foreign exchange���������������������������������������������������������� -1,535 2,132 2,436 3,388 3,098 N/M 0 0 3 -1,537

Equity ����������������������������������������������������������������������������� 153 -281 1,043 -1,061 561 -72.7 0 0 2 15

Commodity & other (including credit derivatives) �������� 1,648 2,328 -2,366 -6,265 2,900 -43.2 0 0 1 1,64

Total trading revenues��������������������������������������������������� 5,704 5,259 10,197 -9,237 6,427 -11.2 0 0 63 5,64

Share of Revenue

Trading revenues to gross revenues (%) ���������������������� 4.7 4.0 7.6 -8.2 4.6 0.0 0.

Trading revenues to net operating revenues (%)���������� 82.6 96.4 138.3 44.0 67.0 0.0 5.9 -

HELD FOR PURPOSES OTHER THAN 

Number of institutions reporting derivatives����������������� 1,043 1,086 1,047 998 970 7.5 84 622 261 7

Total assets of institutions reporting derivatives ���������� 10,193,321 10,218,107 10,304,668 10,464,333 10,396,554 -2.0 5,894 262,835 740,958 9,183,63

Total deposits of institutions reporting derivatives������� 6,950,206 6,847,509 6,729,875 6,820,742 6,589,371 5.5 4,899 210,231 554,749 6,180,32

Derivative Contracts by Underlying Ris

Exposure 

Interest rate�������������������������������������������������������������������� 2,022,616 2,327,396 2,179,134 2,067,185 2,017,489 0.3 236 18,980 39,014 1,964,38

Foreign exchange���������������������������������������������������������� 92,197 107,791 106,027 76,113 87,565 5.3 0 25 398 91,77

Equity ����������������������������������������������������������������������������� 6,229 7,412 12,219 11,725 12,293 -49.3 11 172 661 5,38

Commodity & other�������������������������������������������������������� 2,112 2,924 2,429 2,454 3,121 -32.3 0 291 80 1,74

Total notional amount ���������������������������������������������������� 2,123,154 2,445,523 2,299,808 2,157,477 2,120,468 0.1 246 19,467 40,154 2,063,28

All line items are reported on a quarterly basis. N/M - Not Meaningfu

* Include spot foreign exchange contracts. All other references to foreign exchange contracts in which notional values or fair values are reported exclude spot foreign exchange contract

** Derivative contracts subject to the risk-based capital requirements for derivatives

*** The reporting of credit losses on derivatives is applicable to all banks filing the FFIEC 031 report form and to those banks filing the FFIEC 041 report form that have $300 million or more 

in total assets
FDIC Quarterly 13 2009, Volume 3, No. 4

Quarterly Banking Profile

TABLE VII-A. Servicing, Securitization, and Asset Sales Activities (All FDIC-Insured Commercial Banks and State-Chartered 

Savings Banks)

Asset Size Distribution

(dollar figures in millions)

3rd 

Quarter

2009

2nd 

Quarter

2009

1st 

Quarter 

2009

4th 

Quarter 

2008

3rd 

Quarter 

2008

% Change 

08Q3-

09Q3

Less than 

$100 

Million

$100 

Million to 

$1 Billion

$1 Billion 

to $10 

Billion

Greater 

than $10 

Billion

Assets Securitized and Sold with Servicing Retained or with Recourse or Other Seller-Provided Credit Enhancement

Number of institutions reporting securitization activities ����������������������������������������� 145 140 132 132 128 13.3 18 62 26 3

Outstanding Principal Balance by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� $1,225,632 $1,222,173 $1,234,585 $1,256,021 $1,217,682 0.7 $211 $855 $2,250 $1,222,31

Home equity loans��������������������������������������������������������������������������������������������� 6,205 6,594 6,595 6,692 6,880 -9.8 0 0 44 6,16

Credit card receivables�������������������������������������������������������������������������������������� 391,417 397,918 399,113 398,261 417,832 -6.3 0 3,499 9,539 378,37

Auto loans ���������������������������������������������������������������������������������������������������������� 8,277 10,266 11,230 12,040 13,842 -40.2 0 0 97 8,18

Other consumer loans ��������������������������������������������������������������������������������������� 25,335 26,006 26,692 27,427 28,090 -9.8 0 0 0 25,33

Commercial and industrial loans����������������������������������������������������������������������� 8,435 9,019 8,317 9,705 11,080 -23.9 0 6 2,819 5,61

All other loans, leases, and other assets* �������������������������������������������������������� 192,116 193,377 197,693 198,471 197,010 -2.5 52 85 187 191,79

Total securitized and sold������������������������������������������������������������������������������������������ 1,857,417 1,865,353 1,884,227 1,908,617 1,892,416 -1.8 263 4,445 14,935 1,837,77

Maximum Credit Exposure by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� 6,066 6,046 6,279 6,892 7,514 -19.3 4 8 0 6,05

Home equity loans��������������������������������������������������������������������������������������������� 1,006 1,063 1,120 1,247 1,347 -25.3 0 0 0 1,00

Credit card receivables�������������������������������������������������������������������������������������� 136,043 129,373 39,100 23,228 24,039 465.9 0 606 1,897 133,54

Auto loans ���������������������������������������������������������������������������������������������������������� 745 722 912 707 447 66.7 0 0 8 73

Other consumer loans ��������������������������������������������������������������������������������������� 1,434 1,399 1,429 1,532 1,428 0.4 0 0 0 1,43

Commercial and industrial loans����������������������������������������������������������������������� 274 184 367 137 170 61.2 0 0 94 18

All other loans, leases, and other assets���������������������������������������������������������� 333 299 301 612 714 -53.4 1 4 51 27

Total credit exposure ������������������������������������������������������������������������������������������������� 145,901 139,087 49,509 34,355 35,660 309.1 5 619 2,049 143,22

Total unused liquidity commitments provided to institution's own securitizations ��� 358 378 397 830 1,273 -71.9 0 0 0 35

Securitized Loans, Leases, and Other Assets 30-89 Days Past Due (%) 

1-4 family residential loans�������������������������������������������������������������������������������� 4.6 4.3 4.1 4.4 3.8 2.8 0.

Home equity loans��������������������������������������������������������������������������������������������� 1.3 0.8 1.1 1.4 1.3 0.0 0.

Credit card receivables�������������������������������������������������������������������������������������� 2.9 2.6 3.0 2.9 2.5 0.0 1.

Auto loans ���������������������������������������������������������������������������������������������������������� 2.4 2.2 2.0 2.5 2.1 0.0 0.

Other consumer loans ��������������������������������������������������������������������������������������� 3.6 2.9 3.1 3.9 3.2 0.0 0.

Commercial and industrial loans����������������������������������������������������������������������� 2.9 2.6 3.1 2.6 1.6 0.0 0.

All other loans, leases, and other assets���������������������������������������������������������� 1.2 1.9 0.6 0.6 0.2 0.8 0.

Total loans, leases, and other assets ����������������������������������������������������������������������� 3.9 3.7 3.5 3.7 3.1 2.4 1.

Securitized Loans, Leases, and Other Assets 90 Days or More Past Due (%) 

1-4 family residential loans�������������������������������������������������������������������������������� 7.5 6.6 5.8 4.5 3.2 1.2 0.

Home equity loans��������������������������������������������������������������������������������������������� 1.8 0.9 1.4 1.2 0.7 0.0 0.

Credit card receivables�������������������������������������������������������������������������������������� 2.6 2.9 3.0 2.5 2.1 0.0 1.

Auto loans ���������������������������������������������������������������������������������������������������������� 0.3 0.2 0.2 0.3 0.2 0.0 0.

Other consumer loans ��������������������������������������������������������������������������������������� 3.6 3.3 3.5 3.7 2.9 0.0 0.

Commercial and industrial loans����������������������������������������������������������������������� 1.2 1.3 3.1 2.1 1.5 0.0 0.

All other loans, leases, and other assets���������������������������������������������������������� 3.7 1.6 1.1 0.4 0.2 0.0 0.

Total loans, leases, and other assets ����������������������������������������������������������������������� 5.9 5.2 4.6 3.6 2.6 1.0 1.

Securitized Loans, Leases, and Other Assets Charged-off 

(net, YTD, annualized, %) 

1-4 family residential loans�������������������������������������������������������������������������������� 0.7 0.5 0.2 0.3 0.3 0.0 0.

Home equity loans��������������������������������������������������������������������������������������������� 1.4 0.9 0.6 0.1 0.4 0.0 0.

Credit card receivables�������������������������������������������������������������������������������������� 7.6 4.8 2.1 6.4 4.4 0.0 4.

Auto loans ���������������������������������������������������������������������������������������������������������� 1.9 1.1 0.8 0.8 1.3 0.0 0.

Other consumer loans ��������������������������������������������������������������������������������������� 0.7 0.5 0.2 0.8 0.6 0.0 0.

Commercial and industrial loans����������������������������������������������������������������������� 10.0 6.9 2.6 5.9 3.6 0.0 0.0

All other loans, leases, and other assets���������������������������������������������������������� 0.0 0.0 0.0 0.0 0.0 0.0 0.

Total loans, leases, and other assets ����������������������������������������������������������������������� 2.1 1.4 0.6 1.6 1.2 0.0 3.

Seller's Interests in Institution's Own Securitizations - Carried as Loans 

Home equity loans��������������������������������������������������������������������������������������������� 396 134 165 124 166 138.6 0 0 0 39

Credit card receivables�������������������������������������������������������������������������������������� 73,401 68,128 77,212 113,017 98,826 -25.7 0 247 6,451 66,70

Commercial and industrial loans����������������������������������������������������������������������� 930 451 450 436 636 46.2 0 2 756 17

Seller's Interests in Institution's Own Securitizations - Carried as Securities 

Home equity loans��������������������������������������������������������������������������������������������� 2 4 5 5 6 -66.7 0 0 0 

Credit card receivables�������������������������������������������������������������������������������������� 788 594 556 584 623 26.5 0 272 515 

Commercial and industrial loans����������������������������������������������������������������������� 0 0 0 16 15 -100.0 0 0 0 

Assets Sold with Recourse and Not Securitized

Number of institutions reporting asset sales ���������������������������������������������������� 819 824 818 797 787 4.1 158 498 117 4

Outstanding Principal Balance by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� 66,902 69,854 70,033 70,682 73,033 -8.4 1,171 10,160 4,250 51,32

Home equity, credit card receivables, auto, and other consumer loans ��������� 1,024 1,160 1,348 1,477 1,611 -36.4 0 24 5 99

Commercial and industrial loans����������������������������������������������������������������������� 2,844 3,195 6,028 6,698 7,314 -61.1 1 62 21 2,76

All other loans, leases, and other assets���������������������������������������������������������� 47,967 47,559 46,438 46,254 45,203 6.1 0 84 175 47,70

Total sold and not securitized������������������������������������������������������������������������������������ 118,737 121,768 123,847 125,110 127,160 -6.6 1,172 10,329 4,450 102,78

Maximum Credit Exposure by Asset Type 

1-4 family residential loans�������������������������������������������������������������������������������� 14,549 15,210 15,420 15,312 15,586 -6.7 113 2,029 2,675 9,73

Home equity, credit card receivables, auto, and other consumer loans ��������� 104 113 183 189 203 -48.8 0 7 3 9

Commercial and industrial loans����������������������������������������������������������������������� 2,003 2,224 4,995 5,617 6,180 -67.6 1 51 21 1,93

All other loans, leases, and other assets���������������������������������������������������������� 10,133 10,010 9,790 9,528 9,312 8.8 0 44 55 10,03

Total credit exposure ������������������������������������������������������������������������������������������������� 26,789 27,557 30,388 30,647 31,281 -14.4 114 2,131 2,753 21,79

Support for Securitization Facilities Sponsored by Other Institutions 

Number of institutions reporting securitization facilities sponsored by others ������� 60 60 56 51 49 22.4 21 27 7 

Total credit exposure ������������������������������������������������������������������������������������������������� 4,872 3,812 2,134 3,319 6,050 -19.5 11 43 21 4,79

Total unused liquidity commitments ������������������������������������������������������������������������� 327 475 936 1,416 3,531 -90.7 0 0 0 32

Other

Assets serviced for others**�������������������������������������������������������������������������������������� 5,978,776 5,879,912 5,683,430 5,615,123 5,528,963 8.1 4,377 75,833 96,729 5,801,83

Asset-backed commercial paper conduits 

Credit exposure to conduits sponsored by institutions and others������������������ 17,658 20,210 22,981 23,064 20,830 -15.2 5 0 226 17,42

Unused liquidity commitments to conduits sponsored by institutions 

 and others �������������������������������������������������������������������������������������������������� 182,740 210,026 273,542 297,908 311,683 -41.4 0 0 0 182,74

Net servicing income (for the quarter)���������������������������������������������������������������������� 5,995 10,845 5,946 -390 4,110 45.9 5 179 220 5,59

Net securitization income (for the quarter)��������������������������������������������������������������� 1,163 -142 2,124 2,393 3,120 -62.7 0 62 129 97

Total credit exposure to Tier 1 capital (%)***������������������������������������������������������������ 16.10 15.70 7.70 6.80 7.40 Blank 0.70 2.20 3

* Line item titled “All other loans and all leases” for quarters prior to March 31, 2006

** The amount of financial assets serviced for others, other than closed-end 1-4 family residential mortgages, is reported when these assets are greater than $10 million

*** Total credit exposure includes the sum of the three line items titled “Total credit exposure” reported above
FDIC Quarterly 14 2009, Volume 3, No. 4

Total assets of the nation’s 8,099 FDIC-insured 

commercial banks and savings institutions decreased by 

$54.3 billion (0.4 percent) during the third quarter of 

2009. Total deposits increased by $79.8 billion (0.9 

percent) during the quarter, primarily due to activity in 

foreign offices, which was up $81.9 billion (5.6 

percent). This was the largest increase in foreign office 

deposits since the third quarter of 2007 when these 

deposits increased by $96.8 billion (7.2 percent). 

Domestic deposits were almost unchanged in the third 

quarter, declining by $2.0 billion (0.03 percent) from 

the previous quarter. Domestic non-interest-bearing 

deposits decreased by $17.7 billion (1.2 percent), and 

domestic time deposits decreased by $136.9 billion (5.2 

percent). Savings deposits and interest-bearing checking accounts increased by $152.5 billion (4.4 percent). 

Over the past 12 months, the share of assets funded by 

domestic deposits rose from 53.2 percent to 57.0 

percent, and the share funded by foreign office deposits 

increased from 11.1 percent to 11.7 percent. During the 

same period, Federal Home Loan Bank (FHLB) 

advances as a percentage of total assets declined from 

6.7 percent to 4.3 percent, the smallest percentage on 

record (2001 to present). FHLB advances decreased by 

$335.9 billion (36.8 percent) over the 12 months 

ending September 30, 2009.

Since the second quarter of 2009, the portion of 

brokered deposits exceeding 10 percent of an institution’s domestic deposits has been included in the 

formula used to price an institution’s deposit insurance.1

Brokered deposits decreased by $73.4 billion (10.0 

1

 For an institution in Risk Category I, the initial base assessment rate 

is adjusted using the adjusted brokered deposit ratio. This ratio will 

exceed zero if an institution’s brokered deposits are greater than 10 

percent of its domestic deposits and its total assets are more than 40 

percent greater than they were four years previously. Certain reciprocal brokered deposits are excluded from the calculation of the adjusted 

brokered deposit ratio. For an institution in any other risk category, the 

initial base assessment rate is increased if the institution’s ratio of 

brokered deposits to domestic deposits is greater than 10 percent. 

Reciprocal brokered deposits are included in the amount of brokered 

deposits for purposes of computing this ratio.

percent) during the third quarter, the sharpest decline 

since the first quarter of 1991 when they decreased by 

$11.9 billion (11.0 percent). Reciprocal brokered 

deposits increased by $1.4 billion (4.1 percent) to 

$36.1 billion during the three months ending September 30, 2009.

On May 20, 2009, the President signed the Helping 

Families Save Their Homes Act of 2009, which 

extended the temporary deposit insurance coverage 

limit increase to $250,000 for deposits other than retirement accounts (from the permanent limit of $100,000) 

through the end of 2013. The legislation also eliminated the provision in the Emergency Economic Stabilization Act of 2008 that prevented the FDIC from 

considering this temporary increase in deposit insurance 

coverage for purposes of setting deposit insurance assessments. Beginning September 30, 2009, insured deposit 

estimates are based on the $250,000 coverage limit. 

Estimated insured deposits at all FDIC-insured institutions (based on $250,000 coverage) increased by $491.5 

billion (10.2 percent) in the third quarter of 2009.

The Deposit Insurance Fund (DIF) decreased by $18.6 

billion during the third quarter to a negative $8.2 

billion (unaudited) primarily because of $21.7 billion in 

additional provisions for bank failures. Also, unrealized 

losses on available-for-sale securities, combined with 

operating expenses, reduced the fund by $1.1 billion. 

Accrued assessment income added $3.0 billion to the 

fund during the quarter, and interest earned, combined 

with realized gains from sale of securities and surcharges 

from the Temporary Liquidity Guarantee Program, 

added $1.2 billion.

Fifty insured institutions with combined assets of $68.8 

billion failed during the third quarter of 2009, the largest number since the second quarter of 1990 when 65 

insured institutions failed. Ninety-five insured institutions with combined assets of $104.7 billion failed 

during the first three quarters of 2009, at a currently 

estimated cost to the DIF of $25.0 billion. The DIF’s 

■ Insured Deposits Grow by 10.2 Percent

■ DIF Reserve Ratio Declines 38 Basis Points to −0.16 Percent

■ Fifty Institutions Failed During Third Quarter

■ Rule Adopted for Prepaid Assessments

INSURANCE FUND INDICATORS
FDIC Quarterly 15 2009, Volume 3, No. 4

Quarterly Banking Profile

however, an institution’s total annual base assessment 

rate for purposes of estimating the institution’s assessment for 2011 and 2012 will be increased by 3 basis 

points. For purposes of calculating the amount that an 

institution will prepay on December 30, 2009, an institution’s third quarter 2009 assessment base will be 

increased quarterly at a 5 percent annual growth rate 

through the end of 2012. The FDIC will begin to draw 

down an institution’s prepaid assessments on March 30, 

2010, representing payment for the regular quarterly 

risk-based assessment for the fourth quarter of 2009.

Author: Kevin Brown, Sr. Financial Analyst

Division of Insurance and Research

(202) 898-6817

reserve ratio was negative 0.16 percent on September 

30, 2009, down from 0.22 percent on June 30, 2009, 

and 0.76 percent one year ago. The September 30, 

2009, reserve ratio is the lowest reserve ratio for a 

combined bank and thrift insurance fund since June 30, 

1992, when the ratio was negative 0.20 percent.

Prepaid Assessments

On November 12, 2009, the FDIC adopted a final rule 

amending the assessment regulations to require insured 

depository institutions to prepay their quarterly riskbased assessments for the fourth quarter of 2009 and for 

all of 2010, 2011, and 2012 on December 30, 2009, 

along with each institution’s risk-based assessment for 

the third quarter of 2009. For purposes of estimating an 

institution’s assessments for the fourth quarter of 2009 

and for all of 2010, 2011, and 2012 (and calculating the 

amount that an institution will prepay on December 30, 

2009), an institution’s assessment rate will be its total 

base assessment rate in effect on September 30, 20092; 

2

 An institution’s risk-based assessment rate may change during a 

quarter when a new CAMELS rating is transmitted, or a new long-term 

debt-issuer rating is assigned. See 12 CFR 327.4(f). For purposes of 

calculating an institution’s prepaid assessment, the FDIC will use the 

institution’s CAMELS ratings and, where applicable, long-term debtissuer ratings, and the resulting assessment rate in effect on September 30, 2009.
FDIC Quarterly 16 2009, Volume 3, No. 4

DIF Reserve Ratios

1.23 1.23 1.22 1.21 1.20 1.21 1.22 1.22 1.19

1.01

0.76

0.36

0.27 0.22

-0.16

3/06 9/06 3/07 9/07 3/08 9/08 3/09 9/09

Percent of Insured Deposits

Table I-B. Insurance Fund Balances and Selected Indicators

(dollar figures in millions)

Deposit Insurance Fund

3rd 

Quarter 

2009*

2nd 

Quarter 

2009*

1st 

Quarter 

2009*

4th 

Quarter 

2008

3rd 

Quarter 

2008

2nd 

Quarter 

2008

1st 

Quarter 

2008

4th 

Quarter 

2007

3rd 

Quarter 

2007

2nd 

Quarter 

2007

1st 

Quarter 

2007

4th 

Quarter 

2006

3rd 

Quarter 

2006

2nd 

Quarter 

2006

Beginning Fund Balance ... $10,368 $13,007 $17,276 $34,588 $45,217 $52,843 $52,413 $51,754 $51,227 $50,745 $50,165 $49,992 $49,564 $49,193

Changes in Fund Balance:

Assessments earned ............ 2,965 9,095 2,615 996 881 640 448 239 170 140 94 10 10 7

Interest earned on 

investment securities .... 176 240 212 277 526 651 618 585 640 748 567 476 622 665

Realized gain on sale of

investments .................... 732 521 136 302 473 0 0 0 0 0 0 0 0 0

Operating expenses ............. 328 298 266 290 249 256 238 262 243 248 239 248 237 242

Provision for insurance 

losses ............................. 21,694 11,615 6,637 19,163 11,930 10,221 525 39 132 -3 -73 49 -50 -6

All other income, 

net of expenses ............. 308 375 2 15 16 1 0 -2 24 1 4 5 1 12

Unrealized gain/(loss) on 

available-for-sale 

securities ....................... -770 -957 -331 551 -346 1,559 127 138 68 -162 81 -21 -18 -77

Total fund balance change ... -18,611 -2,639 -4,269 -17,312 -10,629 -7,626 430 659 527 482 580 173 428 371

Ending Fund Balance ......... -8,243 10,368 13,007 17,276 34,588 45,217 52,843 52,413 51,754 51,227 50,745 50,165 49,992 49,564

Percent change from 

four quarters earlier ....... NM -77.07 -75.39 -67.04 -33.17 -11.73 4.13 4.48 3.52 3.36 3.15 3

Reserve Ratio (%) ............... -0.16 0.22 0.27 0.36 0.76 1.01 1.19 1.22 1.2 1.1 1.0  1

Estimated Insured 

Deposits** ............................ 5,308,738 4,817,201 4,832,921 4,750,807 4,545,350 4,467,849 4,438,180 4,292,221 4,242,607 4,235,044 4,245,266 4,153,786 4,100,013 4,040,353

Percent change from 

four quarters earlier ....... 16.79 7.82 8.89 10.68 7.14 5.50 4.54 3.33 3.484.826.08 6.7

Domestic Deposits ............. 7,561,179 7,561,972 7,546,999 7,505,409 7,230,328 7,036,248 7,076,718 6,921,687 6,747,998 6,698,886 6,702,598 6,640,105 6,484,372 6,446,868

Percent change from 

four quarters earlier ....... 4.58 7.47 6.65 8.43 7.15 5.04 5.58 4.24 4.07 3.91 5.71 

Number of institutions 

reporting ....................... 8,109 8,205 8,257 8,315 8,394 8,462 8,505 8,545 8,570 8,625 8,661 8,692 8,755 8,790 

Deposit Insurance Fund Balance 

and Insured Deposits

($ Millions)

DIF 

Balance

DIF-Insured 

Deposits

3/06 49,193 4,001,906

6/06 49,564 4,040,353

9/06 49,992 4,100,013

12/06 50,165 4,153,786

3/07 50,745 4,245,266

6/07 51,227 4,235,044

9/07 51,754 4,242,607

12/07 52,413 4,292,221

3/08 52,843 4,438,180

6/08 45,217 4,467,849

9/08 34,588 4,545,350

12/08 17,276 4,750,807

3/09 13,007 4,832,921

6/09 10,368 4,817,201

9/09 -8,243 5,308,738

Table II-B. Problem Institutions and Failed/Assisted Institutions

(dollar figures in millions) 2009*** 2008*** 2008 2007 2006 2005 2004

Problem Institutions

Number of institutions ��������������������������������������������������������� 552 171 252 76 50 52 80

Total assets�������������������������������������������������������������������������� $345,931 $115,639 $159,405 $22,189 $8,265 $6,607 $28,250

Failed Institutions

Number of institutions ��������������������������������������������������������� 95 13 25 3 0 0 4 

Total assets�������������������������������������������������������������������������� $104,665 $347,569 $371,945 $2,615 $0 $0 $170

Assisted Institutions****

Number of institutions ��������������������������������������������������������� 8 0 5 0 0 0 0

Total assets�������������������������������������������������������������������������� $1,917,482 $0 $1,306,042 0 0 0 0

* For 2009, preliminary unaudited fund data, which are subject to change

** The Emergency Economic Stabilization Act of 2008 prohibited the FDIC from considering the temporary coverage increase to $250,000 in setting assessments. Therefore, we do not

include the additional insured deposits in calculating the fund reserve ratio from fourth quarter 2008 through the second quarter 2009. The Helping Families Save Their Home Act of

2009 eliminated the prohibition beginning with the third quarter of 2009, estimates of insured deposits include the temporary coverage increase to $250,000

*** Assisted institutions represent five institutions under a single holding company that received assistance in 2008, and eight institutions under a different single holding company that 

received assistance in 2009

**** Through September 30
FDIC Quarterly 17 2009, Volume 3, No. 4

Quarterly Banking Profile

Table III-B. Estimated FDIC-Insured Deposits by Type of Institution

(dollar figures in millions) 

September 30, 2009

Number of 

Institutions

Total 

Assets

Domestic 

Deposits*

Est. Insured 

Deposits

Commercial Banks and Savings Institutions

FDIC-Insured Commercial Banks ����������������������������������������������� 6,911 $11,866,395 $6,630,501 $4,493,927

 FDIC-Supervised ������������������������������������������������������������������� 4,573 1,942,120 1,465,607 1,174,525

 OCC-Supervised�������������������������������������������������������������������� 1,492 8,213,334 4,192,889 2,687,714

 Federal Reserve-Supervised������������������������������������������������� 846 1,710,941 972,004 631,688

FDIC-Insured Savings Institutions ���������������������������������������������� 1,188 1,380,890 922,639 808,124

 OTS-Supervised Savings Institutions������������������������������������ 780 1,070,636 699,400 615,610

 FDIC-Supervised State Savings Banks��������������������������������� 408 310,255 223,240 192,514

Total Commercial Banks and Savings Institutions ���������������������� 8,099 13,247,285 7,553,140 5,302,052

Other FDIC-Insured Institutions

U.S. Branches of Foreign Banks ������������������������������������������������� 10 21,396 8,038 6,6

Total FDIC-Insured Institutions���������������������������������������������������� . 8,109 13,268,681 7,561,179 5,308,7

* Excludes $1.55 trillion in foreign office deposits, which are uninsure

Table IV-B. Distribution of Institutions and Domestic Deposits Among Risk Categories

Quarter Ending June 30, 2009

(dollar figures in billions)

Annual 

Rate in

Basis Points

Number of 

Institutions

Percent 

of Total 

Institutions

Domestic 

Deposits

Percent 

of Total 

Domestic 

Deposits

Risk Category 

 7.00-12.00 1,989 24.24 579 

12.01- 14.00 1,779 21.68 1,525 2

14.01- 15.99 2,584 31.50 2,360 3

 16.00-24.00 354 4.31 358 

Risk Category I

 17.00-22.00 677 8.25 2,158 2

 22.01-43.00 337 4.11 326 

Risk Category II

 27.00-32.00 204 2.49 71 

 32.01-58.00 158 1.93 107 

Risk Category IV 40.00-45.00 67 0.82 42

 45.01-77.50 55 0.67 37 

Note: Institutions are categorized based on supervisory ratings, debt ratings and financial data as of June 30, 2009

Rates do not reflect the application of assessment credits. See notes to users for further information on risk categories and rate

Assessment rates within a given risk category vary for several reasons, see 12 CFR Part 327, 

http://www.fdic.gov/deposit/insurance/initiative/09FinalAD35.
FDIC Quarterly 18 2009, Volume 3, No. 4

FDIC Responds to Market Disruptions with TLGP

The FDIC Board approved the Temporary Liquidity 

Guarantee Program (TLGP) on October 13, 2008, as 

major disruptions in credit markets blocked access to 

liquidity for financial institutions.1 The TLGP improved 

access to liquidity through the Transaction Account 

Guarantee Program (TAGP), which fully guarantees 

non-interest-bearing transaction deposit accounts above 

$250,000, regardless of dollar amount, and the Debt 

Guarantee Program (DGP), which guarantees eligible 

senior unsecured debt issued by eligible institutions. 

All insured depository institutions are eligible to participate in the TAGP. Institutions eligible for participation 

in the DGP include insured depository institutions, 

U.S. bank holding companies, certain U.S. savings and 

loan holding companies, and other affiliates of insured 

depository institutions that the FDIC designates as 

eligible entities. 

FDIC Extends Transaction Account and Debt 

Guarantee Programs

Although financial markets have improved significantly 

since the fall of 2008, portions of the industry are still 

suffering from recent economic turmoil. To facilitate 

the orderly phase-out of the TLGP, and to continue 

access to FDIC guarantees where they are needed, the 

FDIC Board of Directors (Board) extended both the 

TAGP and the DGP.

On March 17, 2009, the Board voted to extend the deadline for issuance of guaranteed debt from June 30, 2009, 

to October 31, 2009, and extended the expiration date of 

the guarantee to the earlier of maturity of the debt or 

December 31, 2012, from June 30, 2012. The FDIC 

imposed a surcharge on debt issued with a maturity of one 

year or more beginning in the second quarter of 2009.2

1

 The FDIC invoked the systemic risk exception pursuant to section 

141 of the Federal Deposit Improvement Act of 1991, 12 U.S.C 

1823(c)(4) on October 13, 2008. For further information on the TLGP, 

see http://www.fdic.gov/regulations/resources/TLGP/index.html. 2

 See http://www.fdic.gov/news/board/Mar1709rule.pdf. 

A final rule extending the TAGP six months, to June 

30, 2010, was adopted on August 26, 2009. Entities 

currently participating in the program will have an 

opportunity to opt out of the extended program. Depository institutions that remain in the extended program 

will be subject to increased fees that are adjusted to 

reflect the institution’s risk.3

The Board adopted a final rule on October 20, 2009, 

that allows the DGP to expire on October 31, 2009.4

The rule also establishes a limited, six-month guarantee 

facility upon expiration of the DGP. This emergency 

guarantee facility would be available on a case-by-case 

basis to entities participating in the DGP, upon application to the FDIC and with the approval of the Chairman after consultation with the Board. 

Program Funded by Industry Fees and Assessments

The TLGP does not rely on taxpayer funding or the 

Deposit Insurance Fund. Both components of the 

program are paid for by direct user fees. Institutions 

participating in the TAGP provide customers full coverage on non-interest-bearing transaction accounts for an 

annual fee of 10 basis points through year-end 2009. Fees 

for qualifying non-interest-bearing transaction accounts 

guaranteed between January 1, 2010, and June 30, 2010, 

will be based on the participating entity’s risk category 

assignment under the FDIC’s risk-based premium system. 

Annualized fees will be either 15, 20, or 25 basis points, 

depending on an institution’s risk category.

Fees for participation in the DGP depend on the maturity of debt issued and range from 50 to 100 basis points 

(annualized). A surcharge will be imposed on debt 

issued with a maturity of one year or greater after April 

1, 2009. For debt that is not issued under the extension, 

that is, debt that is issued on or before June 30, 2009, 

and matures on or before June 30, 2012, surcharges will 

be 10 basis points (annualized) on debt issued by 

3

 See http://www.fdic.gov/news/board/aug26no3.pdf. 4

 See http://www.fdic.gov/regulations/laws/

federal/2009/09finalAD37Oct23.pdf. 

■ Final Rule for Phasing Out Debt Guarantee Program Adopted

■ Transaction Account Guarantee Program Extended to June 30, 2010

■ More Than 600,000 Additional Transaction Accounts Receive Full Coverage 

■ $307 Billion in Debt Outstanding in Program 

TEMPORARY LIQUIDITY GUARANTEE PROGRAM
FDIC Quarterly 19 2009, Volume 3, No. 4

Quarterly Banking Profile

Table I-C. Participation in Temporary Liquidity Guarantee Program

September 30, 2009 Total Eligible Entities Number Opting In Percent Opting In

Transaction Account Guarantee Program

Depository Institutions with Assets <= $10 Billion�������������������������������� 7,996 6,890 86.2

Depository Institutions with Assets > $10 Billion ���������������������������������� 112 105 93.8

 Total Depository Institutions*���������������������������������������������������������� 8,108 6,995 86.3

Debt Guarantee Program

Depository Institutions with Assets <= $10 Billion�������������������������������� 7,996 4,284 53.6

Depository Institutions with Assets > $10 Billion ���������������������������������� 112 104 92.9

 Total Depository Institutions*���������������������������������������������������������� 8,108 4,388 54.1

Bank and Thrift Holding Companies and 

Non-Insured Affiliates���������������������������������������������������������������������������� 6,315 3,567 56.5

 All Entities���������������������������������������������������������������������������������������� 14,423 7,955 55.2

* Depository institutions include insured branches of foreign banks (IBAs)

30, 2009. Eligible entities may issue debt up to 125 

percent of that outstanding amount. The cap for FDICinsured institutions that had no outstanding short-term 

senior unsecured debt other than Fed funds is set at 2 

percent of liabilities as of September 30, 2008. Total 

debt outstanding at quarter-end represented 50 percent 

of issuing entities’ total cap. 

$307 Billion in FDIC-Guaranteed Debt Was 

Outstanding at September 30, 2009

Eighty-nine financial entities—57 insured depository 

institutions and 32 bank and thrift holding companies 

and nonbank affiliates—had $307 billion in guaranteed 

debt outstanding at the end of the third quarter. Some 

banking groups issued FDIC-guaranteed debt at both 

the subsidiary and holding company level, but most 

guaranteed debt was issued by holding companies or 

nonbank affiliates of depository institutions. Bank and 

thrift holding companies and nonbank affiliates issued 

81 percent of FDIC-guaranteed debt outstanding at 

September 30, 2009. 

Debt outstanding at September 30 had longer terms at 

issuance, compared to debt outstanding at year-end. 

Slightly more than 2 percent of debt outstanding 

matures in 180 days or less, compared with 49 percent at 

year-end; and 75 percent matures more than two years 

after issuance, compared with 39 percent at December 

31, 2008. Among types of debt instruments, 89 percent 

was in medium-term notes, compared with 44 percent at 

year-end. The share of outstanding debt in commercial 

paper fell to 2 percent from 43 percent at year-end. 

Author: Katherine Wyatt

Chief, Financial Analysis Section

Division of Insurance and Research

(202) 898-6755 

insured depository institutions and 20 basis points 

(annualized) on debt issued by other participating entities. For debt issued under the extension, that is, debt 

issued after June 30, 2009, or debt that matures after 

June 30, 2012, surcharges will be 25 basis points (annualized) on debt issued by insured depository institutions 

and 50 basis points (annualized) on debt issued by other 

participating entities. As of September 30, 2009, a total 

of $9.6 billion in fees had been assessed under the DGP. 

A Majority of Eligible Entities Have Chosen to 

Participate in the TLGP

More than 86 percent of FDIC-insured institutions 

have opted in to the TAGP, and more than half of all 

eligible entities have elected to opt in to the DGP. Lists 

of institutions that opted out of the guarantee programs 

are posted at http://www.fdic.gov/regulations/resources/

TLGP/optout.html. 

$760 Billion in Transaction Accounts over 

$250,000 Guaranteed

According to third quarter 2009 Call and Thrift Financial Reports, insured institutions reported 647,787 noninterest-bearing transaction accounts over $250,000, a 

decline of 2.9 percent compared with second quarter 

2009. These deposit accounts totaled $923 billion, of 

which $761 billion was guaranteed under the TAGP. 

More than 5,800 FDIC-insured institutions reported 

non-interest-bearing transaction accounts over 

$250,000 in value.

Debt Outstanding Represents 50 Percent of 

Total Cap on Issuers’ Guaranteed Debt 

The amount of FDIC-guaranteed debt that can be 

issued by each eligible entity, or its “cap,” is based on 

the amount of its senior unsecured debt outstanding as 

of September 30, 2008, that matures on or before June 
FDIC Quarterly 20 2009, Volume 3, No. 4

Table V-C. Fees Assessed Under TLGP

(dollar figures in millions)

Debt Guarantee Program

Transaction Account 

Guarantee Program*

Total Fees 

Assessed Surcharges 

Total Fee 

Amount Fees Collected

Fourth Quarter 2008�������������������������������������������������������������� $3,437 $3,437

First Quarter 2009 ����������������������������������������������������������������� 3,433 3,433 90

Second Quarter 2009 ������������������������������������������������������������ 1,413 385 1,797 179

Third Quarter 2009 ���������������������������������������������������������������� 691 280 971 182

Total��������������������������������������������������������������������������������� $8,973 $665 $9,639 $450

* Pro-rated payment in arrears

Table VI-C. Term at Issuance of Debt Instruments Outstanding

September 30, 2009

(dollar figures in millions)

Commercial 

Paper

Interbank

Eurodollar

Deposits

Medium 

Term Notes

Other 

Interbank 

Deposits

Other 

Senior 

Unsecured

Debt

Other 

Term Note All Debt

Share 

by Term

Term at Issuance

90 days or less�������������������������������������� $1,763 $43 $0 $119 $0 $1 $1,926 0.6%

91-180 days������������������������������������������� 3,634 3 0 972 0 145 4,754 1.5%

181-364 days����������������������������������������� 408 2 3,400 1,488 1 1,838 7,137 2.3%

1-2 years ����������������������������������������������� 0 3 58,791 37 0 4,790 63,622 20.7%

Over 2-3 years �������������������������������������� 0 0 76,447 0 3,352 5,991 85,789 27.9%

Over 3 years������������������������������������������ 1 0 133,985 4 3,713 6,251 143,953 46.9%

Total ������������������������������������������������ 5,805 52 272,623 2,621 7,065 19,017 307,181

Share of Total���������������������������������������� 1.9% 0.0% 88.7% 0.9% 2.3% 6.2%

Table IV-C. Debt Outstanding in Guarantee Program 

September 30, 2009

(dollar figures in millions) Number Debt Outstanding Cap1 for Group

Debt Outstanding 

Share of Cap

Insured Depository Institutions

Assets <= $10 Billion ������������������������������������������������������� 37 $1,631 $3,012 54.2

Assets > $10 Billion ��������������������������������������������������������� 20 57,356 231,965 24.7

Bank and Thrift Holding Companies,

Non-Insured Affiliates ������������������������������������������������������������ 32 248,194 384,606 64.5

All Issuers����������������������������������������������������������������������� 89 307,181 619,583 49.6

1

 The amount of FDIC-guaranteed debt that can be issued by each eligible entity, or its “cap,” is based on the amount of senior unsecured debt outstanding as of 

September 30, 2008. The cap for a depository institution with no senior unsecured debt outstanding at September 30, 2008, is set at 2 percent of total liabilitie

See http://www2.fdic.gov/qbp/2008dec/tlgp2c.html for more informat

Table III-C. Transaction Account Guarantee Program

(dollar figures in millions) December 31, 

2008 March 31, 2009 June 30, 2009

September 30, 

2009

% Change 

09Q2-09Q3

Number of Non-Interest-Bearing Transaction Accounts 

over $250,000�������������������������������������������������������������� 527,021 586,459 667,186 647,787 -2.9

Amount in Non-Interest-Bearing Transaction Accounts 

over $250,000�������������������������������������������������������������� $854,379 $859,577 $907,134 $922,881 1.7

Amount Guaranteed ���������������������������������������������������������� $722,624 $712,962 $740,338 $760,934 2.8

Table II-C. Cap on FDIC-Guaranteed Debt for Opt-In Entities

September 30, 2009

(dollar figures in millions)

Opt-In Entities with Senior Unsecured

Debt Outstanding at 9/30/2008

Opt-In Depository Institutions 

with no Senior Unsecured

Debt at 9/30/2008

Number 

 Debt Amount 

as of 

9/30/2008 Initial Cap Number

2% Liabilities 

as of 

9/30/2008

Total 

Entities

Total Initial 

Cap 

Depository Institutions with Assets 

<= $10 Billion*������������������������������������ 116 $3,532 $4,415 4168 $32,342 4,284 $36,757

Depository Institutions with Assets 

> $10 Billion*�������������������������������������� 44 295,879 369,849 60 25,576 104 395,425

Bank and Thrift Holding 

Companies, Non-Insured Affiliates ��������� 88 398,008 497,511 3,479 N/A 3,567 497,511

Total��������������������������������������������������������� 248 697,420 871,775 7,707 57,918 7,955 929,692

* Depository institutions include insured branches of foreign banks (IBAs). N/A - Not applicab
FDIC Quarterly 21 2009, Volume 3, No. 4

Quarterly Banking Profile

All asset and liability figures used in calculating performance 

ratios represent average amounts for the period (beginning-ofperiod amount plus end-of-period amount plus any interim 

periods, divided by the total number of periods). For “poolingof-interest” mergers, the assets of the acquired institution(s) 

are included in average assets since the year-to-date income 

includes the results of all merged institutions. No adjustments 

are made for “purchase accounting” mergers. Growth rates 

represent the percentage change over a 12-month period in 

totals for institutions in the base period to totals for institutions in the current period.

All data are collected and presented based on the location of 

each reporting institution’s main office. Reported data may 

include assets and liabilities located outside of the reporting 

institution’s home state. In addition, institutions may relocate 

across state lines or change their charters, resulting in an 

inter-regional or inter-industry migration, e.g., institutions 

can move their home offices between regions, and savings 

institutions can convert to commercial banks or commercial 

banks may convert to savings institutions.

ACCOUNTING CHANGES

Other-Than-Temporary Impairment

When the fair value of an investment in a debt or equity 

security is less than its cost basis, the impairment is either 

temporary or other-than-temporary. To determine whether 

the impairment is other-than-temporary, an institution must 

apply other pertinent guidance such as paragraph 16 of FASB 

Statement No. 115, Accounting for Certain Investments in Debt 

and Equity Securities; FASB Staff Position (FSP) FAS 115-1 

and FAS 124-1, The Meaning of Other-Than-Temporary 

Impairment and Its Application to Certain Investments; FSP 

FAS 115-2 and FAS 124-2, Recognition and Presentation of 

Other-Than-Temporary Impairments; paragraph 6 of 

Accounting Principles Board Opinion No. 18, The Equity 

Method of Accounting for Investments in Common Stock; 

Emerging Issues Task Force (EITF) Issue No. 99-20, 

Recognition of Interest Income and Impairment on Purchased 

Beneficial Interests and Beneficial Interests That Continue to Be 

Held by a Transferor in Securitized Financial Assets; and FSP 

EITF 99-20-1, Amendments to the Impairment Guidance of 

EITF Issue No. 99-20.

Under FSP FAS 115-2 and FAS 124-2 issued on April 9, 

2009, if the present value of cash flows expected to be collected on a debt security is less than its amortized cost basis, 

a credit loss exists. In this situation, if an institution does not 

intend to sell the security and it is not more likely than not 

that the institution will be required to sell the debt security 

before recovery of its amortized cost basis less any currentperiod credit loss, an other-than-temporary impairment has 

occurred. The amount of the total other-than-temporary 

impairment related to the credit loss must be recognized in 

earnings, but the amount of the total impairment related to 

other factors must be recognized in other comprehensive 

income, net of applicable taxes. Although the debt security 

would be written down to its fair value, its new amortized cost 

basis is the previous amortized cost basis less the other-thantemporary impairment recognized in earnings. In addition, 

if an institution intends to sell a debt security whose fair 

value is less than its amortized costs basis or it is more likely 

than not that the institution will be required to sell the debt 

Notes to Users

This publication contains financial data and other information for depository institutions insured by the Federal Deposit 

Insurance Corporation (FDIC). These notes are an integral 

part of this publication and provide information regarding the 

comparability of source data and reporting differences over 

time.

Tables I-A through VIII-A.

The information presented in Tables I-A through V-A of the 

FDIC Quarterly Banking Profile is aggregated for all FDICinsured institutions, both commercial banks and savings institutions. Tables VI-A (Derivatives) and VII-A (Servicing, 

Securitization, and Asset Sales Activities) aggregate information only for insured commercial banks and state-chartered 

savings banks that file quarterly Call Reports. Table VIII-A 

(Trust Services) aggregates Trust asset and income information collected annually from all FDIC-insured institutions. 

Some tables are arrayed by groups of FDIC-insured institutions based on predominant types of asset concentration, 

while other tables aggregate institutions by asset size and 

geographic region. Quarterly and full-year data are provided 

for selected indicators, including aggregate condition and 

income data, performance ratios, condition ratios, and structural changes, as well as past due, noncurrent, and charge-off 

information for loans outstanding and other assets.

Tables I-B through IV-B.

A separate set of tables (Tables I-B through IV-B) provides 

comparative quarterly data related to the Deposit Insurance 

Fund (DIF), problem institutions, failed/assisted institutions, 

estimated FDIC-insured deposits, as well as assessment rate 

information. Depository institutions that are not insured by 

the FDIC through the DIF are not included in the FDIC 

Quarterly Banking Profile. U.S. branches of institutions headquartered in foreign countries and non-deposit trust companies are not included unless otherwise indicated. Efforts are 

made to obtain financial reports for all active institutions. 

However, in some cases, final financial reports are not available for institutions that have closed or converted their 

charters.

DATA SOURCES

The financial information appearing in this publication is 

obtained primarily from the Federal Financial Institutions 

Examination Council (FFIEC) Consolidated Reports of 

Condition and Income (Call Reports) and the OTS Thrift 

Financial Reports submitted by all FDIC-insured depository 

institutions. This information is stored on and retrieved from 

the FDIC’s Research Information System (RIS) data base.

COMPUTATION METHODOLOGY

Parent institutions are required to file consolidated reports, 

while their subsidiary financial institutions are still required 

to file separate reports. Data from subsidiary institution 

reports are included in the Quarterly Banking Profile tables, 

which can lead to double-counting. No adjustments are made 

for any double-counting of subsidiary data. Additionally, certain adjustments are made to the OTS Thrift Financial Reports

to provide closer conformance with the reporting and 

accounting requirements of the FFIEC Call Reports.
FDIC Quarterly 22 2009, Volume 3, No. 4

15, 2008. Similarly, FAS 160 is effective for fiscal years beginning on or after December 15, 2008. Thus, for institutions 

with calendar year fiscal years, these two accounting standards 

take effect in 2009. Beginning in March 2009, Institution 

equity capital and Noncontrolling interests are separately 

reported in arriving at Total equity capital.

FASB Statement No. 157 Fair Value Measurements issued in 

September 2006 and FASB Statement No. 159 The Fair Value 

Option for Financial Assets and Financial Liabilities issued in 

February 2007 – both are effective in 2008 with early adoption 

permitted in 2007. FAS 157 defines fair value and establishes 

a framework for developing fair value estimates for the fair 

value measurements that are already required or permitted 

under other standards. FASB FSP 157-4, issued in April 2009, 

provides additional guidance for estimating fair value in 

accordance with FAS 157 when the volume and level of 

activity for the asset or liability have significantly decreased. 

The FSP also includes guidance on identifying circumstances 

that indicate a transaction is not orderly. The FSP is effective 

for interim and annual reporting periods ending after June 15, 

2009, with early adoption permitted for periods ending after 

March 15, 2009.

Fair value continues to be used for derivatives, trading securities, and available-for-sale securities. Changes in fair value go 

through earnings for trading securities and most derivatives. 

Changes in the fair value of available-for-sale securities are 

reported in other comprehensive income. Available-for-sale 

securities and held-to-maturity debt securities are written 

down to fair value if impairment is other than temporary and 

loans held for sale are reported at the lower of cost or fair 

value.

FAS 159 allows institutions to report certain financial assets 

and liabilities at fair value with subsequent changes in fair 

value included in earnings. In general, an institution may 

elect the fair value option for an eligible financial asset or liability when it first recognizes the instrument on its balance 

sheet or enters into an eligible firm commitment.

FASB Statement No. 158 Employers’ Accounting for Defined Benefit 

Pension and Other Postretirement Plans – issued in September 

2006 requires a bank to recognize in 2007, and subsequently, 

the funded status of its postretirement plans on its balance 

sheet. An overfunded plan is recognized as an asset and an 

underfunded plan is recognized as a liability. An adjustment is 

made to equity as accumulated other comprehensive income 

(AOCI) upon application of FAS 158, and AOCI is adjusted 

in subsequent periods as net periodic benefit costs are recognized in earnings.

FASB Statement No. 156 Accounting for Servicing of Financial 

Assets – issued in March 2006 and effective in 2007, requires 

all separately recognized servicing assets and liabilities to 

be initially measured at fair value and allows a bank the 

option to subsequently adjust that value by periodic revaluation and recognition of earnings or by periodic amortization 

to earnings.

FASB Statement No. 155 Accounting for Certain Hybrid Financial 

Instruments – issued in February 2006, requires bifurcation of 

certain derivatives embedded in interests in securitized financial assets and permits fair value measurement (i.e., a fair 

value option) for any hybrid financial instrument that contains an embedded derivative that would otherwise require 

bifurcation under FASB Statement No. 133, Accounting for 

security before recovery of its amortized cost basis, an otherthan-temporary impairment has occurred and the entire 

difference between the security’s amortized cost basis and its 

fair value must be recognized in earnings.

For any debt security held at the beginning of the interim 

period in which FSP FAS 115-2 and FAS 124-2 is adopted 

for which an other-than-temporary impairment loss has been 

previously recognized, if an institution does not intend to sell 

such a debt security and it is not more likely than not that 

the institution will be required to sell the debt security before 

recovery of its amortized cost basis, the institution should 

recognize the cumulative effect of initially applying the FSP 

as an adjustment to the interim period’s opening balance of 

retained earnings, net of applicable taxes, with a corresponding adjustment to accumulated other comprehensive income. 

The cumulative effect on retained earnings must be calculated by comparing the present value of the cash flows expected 

to be collected on the debt security with the security’s amortized cost basis as of the beginning of the interim period 

of adoption.

FSP FAS 115-2 and FAS 124-2 are effective for interim and 

annual reporting periods ending after June 15, 2009. Early 

adoption of this FSP is permitted for periods ending after 

March 15, 2009, if certain conditions are met. Institutions are 

expected to adopt FSP FAS 115-2 and 124-2 for regulatory 

reporting purposes in accordance with the FSP’s effective 

date.

Extended Net Operating Loss Carryback Period 

for Small Businesses

The American Recovery and Reinvestment Act of 2009, 

which was enacted on February 17, 2009, permits qualifying 

small businesses, including FDIC-insured institutions, to elect 

a net operating loss carryback period of three, four, or five 

years instead of the usual carryback period of two years for 

any tax year ending in 2008 or, at the small business’s election, any tax year beginning in 2008. Under generally accepted accounting principles, institutions may not record the 

effect of this tax change in their balance sheets and income 

statements for financial and regulatory reporting purposes 

until the period in which the law was enacted, i.e., the first 

quarter of 2009.

Business Combinations and Noncontrolling (Minority) 

Interests

In December 2007, the FASB issued Statement No. 141 

(Revised), Business Combinations (FAS 141(R)), and 

Statement No. 160, Noncontrolling Interests in Consolidated 

Financial Statements (FAS 160). Under FAS 141(R), all business combinations, including combinations of mutual entities, 

are to be accounted for by applying the acquisition method. 

FAS 160 defines a noncontrolling interest, also called a 

minority interest, as the portion of equity in an institution’s 

subsidiary not attributable, directly or indirectly, to the parent 

institution. FAS 160 requires an institution to clearly present 

in its consolidated financial statements the equity ownership 

in and results of its subsidiaries that are attributable to the 

noncontrolling ownership interests in these subsidiaries. FAS 

141(R) applies prospectively to business combinations for 

which the acquisition date is on or after the beginning of the 

first annual reporting period beginning on or after December 
FDIC Quarterly 23 2009, Volume 3, No. 4

Quarterly Banking Profile

even if it opted to issue interim or quarterly financial information in 2007 under earlier guidance that reflected the 

adoption of FIN 48.

FASB Statement No. 123 (Revised 2004) and Share-Based 

Payments – refer to previously published Quarterly Banking 

Profile notes: http://www2.fdic.gov/qbp/2008dec/qbpnot.html

FASB Statement No. 133 Accounting for Derivative Instruments and 

Hedging Activities – refer to previously published Quarterly 

Banking Profile notes: http://www2.fdic.gov/qbp/2008dec/

qbpnot.html

DEFINITIONS (in alphabetical order)

All other assets – total cash, balances due from depository institutions, premises, fixed assets, direct investments in real estate, 

investment in unconsolidated subsidiaries, customers’ liability 

on acceptances outstanding, assets held in trading accounts, 

federal funds sold, securities purchased with agreements to 

resell, fair market value of derivatives, and other assets.

All other liabilities – bank’s liability on acceptances, limited-life 

preferred stock, allowance for estimated off-balance-sheet credit losses, fair market value of derivatives, and other liabilities.

Assessment base – assessable deposits consist of DIF deposits 

(deposits insured by the FDIC Deposit Insurance Fund) in 

banks’ domestic offices with certain adjustments).

Assets securitized and sold – total outstanding principal balance 

of assets securitized and sold with servicing retained or other 

seller- provided credit enhancements.

Capital Purchase Program (CPP) – As announced in October 

2008 under the TARP, the Treasury Department purchase of 

noncumulative perpetual preferred stock and related warrants 

that is treated as Tier 1 capital for regulatory capital purposes 

is included in “Total equity capital.” Such warrants to purchase common stock or noncumulative preferred stock issued 

by publicly-traded banks are reflected as well in “Surplus.” 

Warrants to purchase common stock or noncumulative preferred stock of not-publicly-traded bank stock classified in a 

bank’s balance sheet as “Other liabilities.”

Construction and development loans – includes loans for all 

property types under construction, as well as loans for land 

acquisition and development.

Core capital – common equity capital plus noncumulative perpetual preferred stock plus minority interest in consolidated 

subsidiaries, less goodwill and other ineligible intangible 

assets. The amount of eligible intangibles (including servicing 

rights) included in core capital is limited in accordance with 

supervisory capital regulations.

Cost of funding earning assets – total interest expense paid on 

deposits and other borrowed money as a percentage of average 

earning assets.

Credit enhancements – techniques whereby a company attempts 

to reduce the credit risk of its obligations. Credit enhancement may be provided by a third party (external credit 

enhancement) or by the originator (internal credit enhancement), and more than one type of enhancement may be 

associated with a given issuance.

Deposit Insurance Fund (DIF) – The Bank (BIF) and Savings 

Association (SAIF) Insurance Funds were merged in 2006 by 

the Federal Deposit Insurance Reform Act to form the DIF.

Derivative Instruments and Hedging Activities (FAS 133). In 

addition, FAS 155 clarifies which interest-only and principalonly strips are not subject to FAS 133.

Purchased Impaired Loans and Debt Securities – Statement of 

Position 03-3, Accounting for Certain Loans or Debt Securities 

Acquired in a Transfer. The SOP applies to loans and debt 

securities acquired in fiscal years beginning after December 

15, 2004. In general, this Statement of Position applies to 

“purchased impaired loans and debt securities” (i.e., loans and 

debt securities that a bank has purchased, including those 

acquired in a purchase business combination, when it is probable, at the purchase date, that the bank will be unable to 

collect all contractually required payments receivable). Banks 

must follow Statement of Position 03-3 for Call Report purposes. The SOP does not apply to the loans that a bank has 

originated, prohibits “carrying over” or creation of valuation 

allowances in the initial accounting, and any subsequent valuation allowances reflect only those losses incurred by the 

investor after acquisition.

GNMA Buy-back Option – If an issuer of GNMA securities 

has the option to buy back the loans that collateralize the 

GNMA securities, when certain delinquency criteria are met, 

FASB Statement No. 140 requires that loans with this buyback option must be brought back on the issuer’s books as 

assets. The rebooking of GNMA loans is required regardless 

of whether the issuer intends to exercise the buy-back option. 

The banking agencies clarified in May 2005 that all GNMA 

loans that are rebooked because of delinquency should be 

reported as past due according to their contractual terms.

FASB Interpretation No. 46 – The FASB issued Interpretation 

No. 46, Consolidation of Variable Interest Entities, in January 

2003 and revised it in December 2003. Generally, banks with 

variable interests in variable interest entities created after 

December 31, 2003, must consolidate them. The timing of 

consolidation varies with certain situations with application 

as late as 2005. The assets and liabilities of a consolidated 

variable interest entity are reported on a line-by-line basis 

according to the asset and liability categories shown on the 

bank’s balance sheet, as well as related income items. Most 

small banks are unlikely to have any “variable interests” in 

variable interest entities.

FASB Interpretation No. 48 on Uncertain Tax Positions – FASB 

Interpretation No. 48, Accounting for Uncertainty in Income 

Taxes (FIN 48), was issued in June 2006 as an interpretation 

of FASB Statement No. 109, Accounting for Income Taxes. 

Under FIN 48, the term “tax position” refers to “a position 

in a previously filed tax return or a position expected to be 

taken in a future tax return that is reflected in measuring 

current or deferred income tax assets and liabilities.” FIN 48 

further states that a “tax position can result in a permanent 

reduction of income taxes payable, a deferral of income taxes 

otherwise currently payable to future years, or a change in the 

expected realizability of deferred tax assets.” FIN 48 was originally issued effective for fiscal years beginning after December 

15, 2006. Banks must adopt FIN 48 for Call Report purposes 

in accordance with the interpretation’s effective date except 

as follows. On December 31, 2008, the FASB decided to defer 

the effective date of FIN 48 for eligible nonpublic enterprises 

and to require those enterprises to adopt FIN 48 for annual 

periods beginning after December 15, 2008. A nonpublic 

enterprise under certain conditions is eligible for deferral, 
FDIC Quarterly 24 2009, Volume 3, No. 4

Failed/assisted institutions – An institution fails when regulators take control of the institution, placing the assets and liabilities into a bridge bank, conservatorship, receivership, or 

another healthy institution. This action may require the 

FDIC to provide funds to cover losses. An institution is 

defined as “assisted” when the institution remains open and 

receives assistance in order to continue operating.

Fair Value – the valuation of various assets and liabilities on 

the balance sheet—including trading assets and liabilities, 

available-for-sale securities, loans held for sale, assets and liabilities accounted for under the fair value option, and foreclosed assets—involves the use of fair values. During periods 

of market stress, the fair values of some financial instruments 

and nonfinancial assets may decline.

FHLB advances – all borrowings by FDIC insured institutions 

from the Federal Home Loan Bank System (FHLB), as reported by Call Report filers and by TFR filers.

Goodwill and other intangibles – Intangible assets include servicing rights, purchased credit card relationships, and other identifiable intangible assets. Goodwill is the excess of the 

purchase price over the fair market value of the net assets 

acquired, less subsequent impairment adjustments. Other 

intangible assets are recorded at fair value, less subsequent 

quarterly amortization and impairment adjustments.

Loans secured by real estate – includes home equity loans, 

junior liens secured by 1-4 family residential properties, and 

all other loans secured by real estate.

Loans to individuals – includes outstanding credit card balances 

and other secured and unsecured consumer loans.

Long-term assets (5+ years) – loans and debt securities with 

remaining maturities or repricing intervals of over five years.

Maximum credit exposure – the maximum contractual credit 

exposure remaining under recourse arrangements and other 

seller-provided credit enhancements provided by the reporting bank to securitizations.

Mortgage-backed securities – certificates of participation in 

pools of residential mortgages and collateralized mortgage 

obligations issued or guaranteed by government-sponsored or 

private enterprises. Also, see “Securities,” below.

Net charge-offs – total loans and leases charged off (removed 

from balance sheet because of uncollectibility), less amounts 

recovered on loans and leases previously charged off.

Net interest margin – the difference between interest and dividends earned on interest-bearing assets and interest paid to 

depositors and other creditors, expressed as a percentage of 

average earning assets. No adjustments are made for interest 

income that is tax exempt.

Net loans to total assets – loans and lease financing receivables, net of unearned income, allowance and reserves, as a 

percent of total assets on a consolidated basis.

Net operating income – income excluding discretionary transactions such as gains (or losses) on the sale of investment securities and extraordinary items. Income taxes subtracted from 

operating income have been adjusted to exclude the portion 

applicable to securities gains (or losses).

Noncurrent assets – the sum of loans, leases, debt securities, 

and other assets that are 90 days or more past due, or in nonaccrual status.

Derivatives notional amount – The notional, or contractual, 

amounts of derivatives represent the level of involvement in 

the types of derivatives transactions and are not a quantification of market risk or credit risk. Notional amounts represent 

the amounts used to calculate contractual cash flows to be 

exchanged.

Derivatives credit equivalent amount – the fair value of the 

derivative plus an additional amount for potential future credit exposure based on the notional amount, the remaining 

maturity and type of the contract.

Derivatives transaction types:

Futures and forward contracts – contracts in which the buyer 

agrees to purchase and the seller agrees to sell, at a specified 

future date, a specific quantity of an underlying variable or 

index at a specified price or yield. These contracts exist for 

a variety of variables or indices, (traditional agricultural or 

physical commodities, as well as currencies and interest 

rates). Futures contracts are standardized and are traded on 

organized exchanges which set limits on counterparty credit 

exposure. Forward contracts do not have standardized terms 

and are traded over the counter.

Option contracts – contracts in which the buyer acquires the 

right to buy from or sell to another party some specified 

amount of an underlying variable or index at a stated price 

(strike price) during a period or on a specified future date, 

in return for compensation (such as a fee or premium). The 

seller is obligated to purchase or sell the variable or index at 

the discretion of the buyer of the contract.

Swaps – obligations between two parties to exchange a 

series of cash flows at periodic intervals (settlement dates), 

for a specified period. The cash flows of a swap are either 

fixed, or determined for each settlement date by multiplying 

the quantity (notional principal) of the underlying variable 

or index by specified reference rates or prices. Except for 

currency swaps, the notional principal is used to calculate 

each payment but is not exchanged.

Derivatives underlying risk exposure – the potential exposure 

characterized by the level of banks’ concentration in particular underlying instruments, in general. Exposure can result 

from market risk, credit risk, and operational risk, as well as, 

interest rate risk.

Domestic deposits to total assets – total domestic office deposits 

as a percent of total assets on a consolidated basis.

Earning assets – all loans and other investments that earn 

interest or dividend income. 

Efficiency ratio – noninterest expense less amortization of 

intangible assets as a percent of net interest income plus noninterest income. This ratio measures the proportion of net 

operating revenues that are absorbed by overhead expenses, 

so that a lower value indicates greater efficiency.

Estimated insured deposits – In general, insured deposits are 

total domestic deposits minus estimated uninsured deposits. 

Beginning March 31, 2008, for institutions that file Call 

reports, insured deposits are total assessable deposits minus 

estimated uninsured deposits. Beginning September 30, 2009, 

insured deposits include deposits in accounts of $100,000 to 

$250,000 that are covered by a temporary increase in the 

standard maximum FDIC deposit insurance amount.
FDIC Quarterly 25 2009, Volume 3, No. 4

Quarterly Banking Profile

Risk-based capital groups – definition:

(Percent)

Total 

Risk-Based 

Capital*

Tier 1

Risk-Based 

Capital*

Tier 1 

Leverage

Tangible

Equity

Well-Capitalized ≥10 and ≥6 and ≥5 –

Adequately 

capitalized ≥8 and ≥4 and ≥4 –

Undercapitalized ≥6 and ≥3 and ≥3 –

Significantly 

undercapitalized <6 or <3 or <3 and >2

Critically 

undercapitalized – – – ≤2

* As a percentage of risk-weighted assets.

Risk Categories and Assessment Rate Schedule – The current risk 

categories became effective January 1, 2007. Capital ratios and 

supervisory ratings distinguish one risk category from another. 

The following table shows the relationship of risk categories 

(I, II, III, IV) to capital and supervisory groups as well as the 

initial base assessment rates (in basis points), effective April 1, 

2009 for each risk category. Supervisory Group A generally 

includes institutions with CAMELS composite ratings of 1 or 

2; Supervisory Group B generally includes institutions with a 

CAMELS composite rating of 3; and Supervisory Group C 

generally includes institutions with CAMELS composite ratings of 4 or 5. For purposes of risk-based assessment capital 

groups, undercapitalized includes institutions that are significantly or critically undercapitalized.

Capital Category

Supervisory Group

A B C

1. Well Capitalized I

12–16 bps II

22 bps

III

32 bps

2. Adequately Capitalized II

22 bps

3. Undercapitalized III

32 bps

IV

45 bps

Effective April 1, 2009, the initial base assessment rates are 

12 to 45 basis points. An institution’s total assessment rate 

may be less than or greater than its initial base assessment 

rate as a result of additional risk adjustments.

The base assessment rates for most institutions in Risk 

Category I are based on a combination of financial ratios and 

CAMELS component ratings (the financial ratios method).

For large institutions in Risk Category I (generally those with at 

least $10 billion in assets) that have long-term debt issuer ratings, assessment rates are determined by equally weighting the 

institution’s CAMELS component ratings, long-term debt issuer 

ratings, and the financial ratios method assessment rate. For all 

large Risk Category I institutions, additional risk factors are considered to determine whether assessment rates should be adjusted. This additional information includes market data, financial 

performance measures, considerations of the ability of an institution to withstand financial stress, and loss severity indicators. 

Any adjustment is limited to no more than one basis point.

Noncurrent loans & leases – the sum of loans and leases 90 days 

or more past due, and loans and leases in nonaccrual status.

Number of institutions reporting – the number of institutions 

that actually filed a financial report.

Other borrowed funds – federal funds purchased, securities sold 

with agreements to repurchase, demand notes issued to the 

U.S. Treasury, FHLB advances, other borrowed money, mortgage indebtedness, obligations under capitalized leases and 

trading liabilities, less revaluation losses on assets held in 

trading accounts.

Other real estate owned – primarily foreclosed property. Direct 

and indirect investments in real estate ventures are excluded. 

The amount is reflected net of valuation allowances. For institutions that file a Thrift Financial Report (TFR), the valuation 

allowance subtracted also includes allowances for other repossessed assets. Also, for TFR filers the components of other real 

estate owned are reported gross of valuation allowances.

Percent of institutions with earnings gains – the percent of institutions that increased their net income (or decreased their 

losses) compared to the same period a year earlier.

“Problem” institutions – Federal regulators assign a composite 

rating to each financial institution, based upon an evaluation 

of financial and operational criteria. The rating is based on a 

scale of 1 to 5 in ascending order of supervisory concern. 

“Problem” institutions are those institutions with financial, 

operational, or managerial weaknesses that threaten their 

continued financial viability. Depending upon the degree of 

risk and supervisory concern, they are rated either a “4” or 

“5.” The number and assets of “problem” institutions are 

based on FDIC composite ratings. Prior to March 31, 2008, 

for institutions whose primary federal regulator was the OTS, 

the OTS composite rating was used.

Recourse – an arrangement in which a bank retains, in form or 

in substance, any credit risk directly or indirectly associated 

with an asset it has sold (in accordance with generally accepted accounting principles) that exceeds a pro rata share of the 

bank’s claim on the asset. If a bank has no claim on an asset 

it has sold, then the retention of any credit risk is recourse.

Reserves for losses – the allowance for loan and lease losses on 

a consolidated basis.

Restructured loans and leases – loan and lease financing receivables with terms restructured from the original contract. 

Excludes restructured loans and leases that are not in compliance with the modified terms.

Retained earnings – net income less cash dividends on common and preferred stock for the reporting period.

Return on assets – net income (including gains or losses on 

securities and extraordinary items) as a percentage of average 

total assets. The basic yardstick of bank profitability.

Return on equity – net income (including gains or losses on 

securities and extraordinary items) as a percentage of average 

total equity capital.
FDIC Quarterly 26 2009, Volume 3, No. 4

(book value), and securities designated as “available-for-sale,” 

reported at fair (market) value.

Securities gains (losses) – realized gains (losses) on held-tomaturity and available-for-sale securities, before adjustments 

for income taxes. Thrift Financial Report (TFR) filers also 

include gains (losses) on the sales of assets held for sale.

Seller’s interest in institution’s own securitizations – the reporting 

bank’s ownership interest in loans and other assets that have 

been securitized, except an interest that is a form of recourse 

or other seller-provided credit enhancement. Seller’s interests 

differ from the securities issued to investors by the securitization structure. The principal amount of a seller’s interest is 

generally equal to the total principal amount of the pool of 

assets included in the securitization structure less the principal amount of those assets attributable to investors, i.e., in the 

form of securities issued to investors.

Subchapter S Corporation – A Subchapter S corporation is treated as a pass-through entity, similar to a partnership, for federal income tax purposes. It is generally not subject to any 

federal income taxes at the corporate level. This can have the 

effect of reducing institutions’ reported taxes and increasing 

their after-tax earnings.

Temporary Liquidity Guarantee Program (TLGP) – was approved 

by the FDIC Board on October 13, 2008. The TLGP was 

designed to help relieve the crisis in the credit markets by 

giving banks access to liquidity during a time of global financial distress. Participation in the TLGP is voluntary. The 

TLGP has two components:

Transaction Account Guarantee Program (TAGP) – provides a full 

guarantee of non-interest-bearing deposit transaction 

accounts above $250,000, at depository institutions that 

elected to participate in the program. On August 26, 2009, 

the FDIC Board voted to extend the TAGP six months 

beyond its original expiration date to June 30, 2010.

Debt Guarantee Program (DGP) – provides a full guarantee of 

senior unsecured debt1 issued by eligible institutions after 

October 14, 2008. Initially, debt issued before June 30, 

2009, and maturing on or before June 30, 2012, could be 

guaranteed. On March 17, 2009, the deadline for issuance 

under the program was extended to October 31, 2009, and 

the expiration of the guarantee was set at the earlier of 

maturity of the debt or December 31, 2012. Institutions 

eligible for participation in the debt guarantee program 

include insured depository institutions, U.S. bank holding 

companies, certain U.S. savings and loan holding companies, and other affiliates of an insured depository institution 

that the FDIC designates as eligible entities. The FDIC 

Board adopted a final rule on October 20, 2009, that established a limited six-month emergency guarantee facility 

upon expiration of the DGP.

Trust assets – market value, or other reasonably available 

value of fiduciary and related assets, to include marketable 

securities, and other financial and physical assets. Common 

physical assets held in fiduciary accounts include real estate, 

1

 Senior unsecured debt generally includes term Federal funds 

purchased, promissory notes, commercial paper, unsubordinated 

unsecured notes, certificates of deposit (CDs) standing to the credit of 

a bank, and U.S. dollar denominated bank deposits owed to an insured 

depository institution.

Effective April 1, 2009, the FDIC introduced three possible 

adjustments to an institution’s initial base assessment rate: 

(1) a decrease of up to 5 basis points for long-term unsecured 

debt and, for small institutions, a portion of Tier 1 capital; 

(2) an increase not to exceed 50 percent of an institution’s 

assessment rate before the increase for secured liabilities in 

excess of 25 percent of domestic deposits; and (3) for nonRisk Category I institutions, an increase not to exceed 10 

basis points for brokered deposits in excess of 10 percent of 

domestic deposits. After applying all possible adjustments, 

minimum and maximum total base assessment rates for each 

risk category are as follows:

Total Base Assessment Rates*

Risk 

Category 

I

Risk 

Category 

II

Risk 

Category 

III

Risk 

Category 

IV

Initial base 

assessment rate 12–16 22 32 45

Unsecured debt 

adjustment -5 –0 -5–0 -5 –0 -5–0

Secured liability 

adjustment 0 –8 0 –11 0 –16 0 –22.5

Brokered deposit 

adjustment – 0 –10 0 –10 0 –10

Total base 

assessment rate 7–24.0 17–43.0 27–58.0 40–77.5

*All amounts for all risk categories are in basis points annually. Total base rates that are 

not the minimum or maximum rate will vary between these rates. 

Beginning in 2007, each institution is assigned a risk-based 

rate for a quarterly assessment period near the end of the 

quarter following the assessment period. Payment is generally 

due on the 30th day of the last month of the quarter following the assessment period. Supervisory rating changes are 

effective for assessment purposes as of the examination 

transmittal date. For institutions with long-term debt issuer 

ratings, changes in ratings are effective for assessment purposes as of the date the change was announced.

Special Assessment – On May 22, 2009, the FDIC board 

approved a final rule that imposed a 5 basis point special 

assessment as of June 30, 2009. The special assessment was 

levied on each insured depository institution’s assets minus 

its Tier 1 capital as reported in its report of condition as of 

June 30, 2009. The special assessment will be collected 

September 30, 2009, at the same time that the risk-based 

assessment for the second quarter of 2009 is collected. The 

special assessment for any institution was capped at 10 basis 

points of the institution’s assessment base for the second 

quarter of 2009 risk-based assessment.

Risk-weighted assets – assets adjusted for risk-based capital 

definitions which include on-balance-sheet as well as offbalance-sheet items multiplied by risk-weights that range 

from zero to 200 percent. A conversion factor is used to assign 

a balance sheet equivalent amount for selected off-balancesheet accounts.

Securities – excludes securities held in trading accounts. 

Banks’ securities portfolios consist of securities designated as 

“held-to-maturity,” which are reported at amortized cost 
FDIC Quarterly 27 2009, Volume 3, No. 4

Quarterly Banking Profile

Volatile liabilities – the sum of large-denomination time deposits, foreign-office deposits, federal funds purchased, securities 

sold under agreements to repurchase, and other borrowings.

Yield on earning assets – total interest, dividend, and fee 

income earned on loans and investments as a percentage of 

average earning assets.

equipment, collectibles, and household goods. Such fiduciary 

assets are not included in the assets of the financial 

institution.

Unearned income & contra accounts – unearned income for Call 

Report filers only.

Unused loan commitments – includes credit card lines, home equity lines, commitments to make loans for construction, loans 

secured by commercial real estate, and unused commitments to 

originate or purchase loans. (Excluded are commitments after 

June 2003 for originated mortgage loans held for sale, which 

are accounted for as derivatives on the balance sheet.)

FDIC Quarterly 29 2009, Volume 3, No. 4

staffing levels. Some 40 percent of banks and thrifts 

reported fewer employees as of June 30, 2009, than one 

year ago.

Office Growth Slows Relative to U.S. Population

To better understand the level of expansion in the 

U.S. banking industry, it is useful to consider various 

measures of deposit and office growth in relation to 

demographic trends, such as population. Two of these 

measures—the number of offices per million people and 

the national average deposits per office—are illustrated 

in Chart 2. After growing at a compounded annual rate 

of 1.1 percent during the past five years, the ratio of 

offices per million people decreased 0.6 percent from 

2008 to 2009. Notwithstanding the current-year 

decrease, the number of offices per million people 

remains relatively high at 322, second highest since 

1994.3 In contrast, growth in domestic deposits per 

office accelerated during the year. Deposits per office 

increased 7.3 percent in 2009, more than double the 

2.8 percent growth rate of 2008 and well above the 

five-year compound annual growth rate (CAGR) of 

4.5 percent.4

3

 SOD data before 1994 are not available electronically. 

4

 The CAGR is the nth root of the percentage change, where n is the 

number of years in the period.

The Federal Deposit Insurance Corporation (FDIC) 

and the Office of Thrift Supervision (OTS) survey all 

FDIC-insured institutions to collect information on 

bank and thrift deposits and operating branches and 

offices each year as of June 30. The resulting Summary 

of Deposits (SOD) is a valuable resource for analyzing 

deposit trends and measuring market concentrations at 

the national and local levels. This article highlights 

findings from the 2009 SOD data, focusing on national 

trends in domestic deposits and banking offices but also 

presenting some information by state, metropolitan 

area, and institution.1

Deposits Grew Faster, While Office Growth Slowed

Commercial banks and thrifts reported strong deposit 

growth during the year ending June 30, 2009, despite a 

slowdown in office growth. The volume of deposits at 

FDIC-insured institutions increased by 7.7 percent, 

compared with 4.8 percent a year ago and 3.9 percent 

in 2007 (see Chart 1).2 Meanwhile, the number of 

FDIC-insured institution offices rose only 0.4 percent 

during the year, a net increase of 411 offices. This 

increase—the smallest since 1996—is well below the 

2.0 percent and 2.7 percent increases in 2008 and 2007, 

respectively.

Branch network expansion may have slowed as a result 

of the industry’s efforts to reduce expenses during a time 

of economic recession. For the first two quarters of 

2009, salaries and employee benefits expense decreased 

2.5 percent from the same period a year ago, while 

premises and fixed-asset expense decreased 2.4 percent. 

Many FDIC-insured institutions also have reduced 

1

 This analysis reflects updates in SOD data as of October 8, 2009. 

All FDIC-insured institutions that operate branch offices beyond their 

home office and that are required to file a financial report with one of 

the Federal Financial Institutions Examination Council agencies must 

submit responses to SOD surveys to the FDIC or the OTS. Automated 

teller machines are not considered offices for the purposes of the 

survey. Call Report information on unit banks (banks with a single 

headquarters office) has been combined with branch office data 

to form the SOD database, which can be accessed at 

http://www2.fdic.gov/sod/index.asp. 2

 Offices include those in the 50 states and the District of Columbia but 

not those in U.S. territories. The SOD data include domestic deposits 

only, and they are referred to in this report as “deposits.” 

Feature Article:

Highlights from the 2009 

Summary of Deposits Data

Chart 1

Number of Offices Domestic Deposits (Trillions of Dollars)

Sources: FDIC Summary of Deposits and OTS Branch Office Survey.

Deposits at FDIC-Insured Institutions Grew Faster,

while Office Growth Slowed

60,000

65,000

70,000

75,000

80,000

85,000

90,000

95,000

100,000

105,000

110,000

2Q94 2Q97 2Q00 2Q03 2Q06 2Q09

0.0

1.0

2.0

3.0

4.0

5.0

6.0

7.0

8.0

Number of Offices

Domestic Deposits
FDIC Quarterly 30 2009, Volume 3, No. 4

deposits among offices located in metropolitan areas 

grew faster in 2009 than their longer-term five-year 

CAGR, while current-year deposit growth for offices 

located in micropolitan and “other” areas lagged their 

respective five-year CAGRs.

Office growth also was centered in metropolitan areas, 

although the pace of office expansion in these areas 

slowed considerably compared to a year ago. Indeed, 

office growth in metropolitan areas was approximately 

one-third the 2008 increase. The number of offices in 

both micropolitan areas and other areas actually 

decreased during the year ending June 30, 2009.

“Other” Office Types Grew Fastest During the 

Past Year

Although traditional brick-and-mortar offices make up 

90 percent of all commercial banking offices, the SOD 

surveys all banking offices, including retail (e.g., offices 

in supermarkets or other stores), drive-through offices, 

and “other” office types. The “other” category, which 

comprises primarily mobile or seasonal offices and those 

that provide back-office support for Internet deposit 

operations, posted the highest growth rate during the 

past year, followed by retail offices (see Table 2).7 This 

is the first year since 2006 that the “other” office category has posted the highest growth rate.

7

 Office type information is not provided for OTS-supervised institutions.

Metropolitan Areas Attracted Greater Deposit 

Growth Than Smaller Cities and Rural Areas

Deposit and office growth continue to be concentrated 

in metropolitan areas. As of June 30, 2009, about 78 

percent of offices and 89 percent of domestic deposits 

were located in metropolitan areas (see Table 1).5 The 

one-year percentage increase in deposits among offices 

located in metropolitan areas was more than double 

the increase for offices located in micropolitan areas—

smaller cities and towns—or “other” areas.6 In addition, 

5

 Metropolitan statistical areas have urban clusters of greater than 

50,000 inhabitants. 

6

 Micropolitan statistical areas have urban clusters of between 10,000 

and 50,000 inhabitants, and “other” areas have populations of 10,000 

or fewer inhabitants.

Chart 2

Sources: FDIC Summary of Deposits, OTS Branch Office Survey, and 

Moody’s Economy.com.

Offices per Million People

Domestic Deposits per Office

(Millions of Dollars)

Banks and Thrifts Slowed Branch Network Expansion,

yet Deposit Growth Increased

250

260

270

280

290

300

310

320

330

2Q94 2Q97 2Q00 2Q03 2Q06 2Q09

0

10

20

30

40

50

60

70

80

90

100

Offices per million people

Domestic deposits per office

Table 1

Larger Population Centers Have Experienced the Most Rapid Office and Deposit Growth

Metropolitan Areas Micropolitan Areas Other Areas 

Number 

of Offices

Domestic 

Deposits 

($ billions)

Number 

of Offices

Domestic 

Deposits 

($ billions)

Number 

of Offices

Domestic 

Deposits 

($ billions)

June 2004 67,072 4,745 11,642 411 9,745 260

June 2008 75,424 6,173 12,270 476 9,833 307

June 2009 75,945 6,681 12,159 494 9,832 318

1-Year Growth Rate 0.7% 8.2% -0.9% 3.6% 0.0% 3.6%

5-Year Compound Growth Rate 2.5% 7.1% 0.9% 3.7% 0.2% 4.2%

Sources: FDIC Summary of Deposits and OTS Branch Office Survey.

Notes: Metropolitan statistical areas have urban clusters of greater than 50,000 or more inhabitants. Each micropolitan statistical area has an urban cluster of between 10,000 and 50,000 inhabitants. Other areas have less population. See Census Bureau for more details.
FDIC Quarterly 31 2009, Volume 3, No. 4

Summary of Deposits

percent during the year ending June 30, 2009, 

compared with only 1 percent for large organizations. 

However, large organizations continue to report the 

largest share of banking offices and domestic deposits 

among insured banks and thrifts.

Deposit and office growth occurs not only from expansion of existing branch networks and collection of additional deposits through those networks, but also from 

mergers and other business combinations. Although it 

is difficult to disaggregate the independent contributions of each of these factors, recent growth patterns 

suggest that most of the movement between categories, 

on an institution basis, consisted of smaller organizations growing into or being acquired by midsized organizations. The number of large organizations—113—

was coincidentally the same in 2004, 2008, and 2009; 

however, the composition of the group changed 

between these periods.

Midsized Organizations Reported the Strongest 

Office and Deposit Growth

Midsized organizations (those with between $1 billion 

and $10 billion in total assets as of June 30, 2009) 

significantly outpaced larger and smaller organizations 

in both deposit growth and branch expansion during 

the year ending June 30, 2009 (see Table 3). The 2009 

deposit growth rate for midsized organizations was 

almost four times that of small organizations and 1.4 

times that of large organizations. In addition, the 

volume of deposits among midsized banks and thrifts 

grew at approximately double the pace of its five-year 

compound annual growth rate.

Office growth exhibited a similar pattern. The pace of 

office expansion among midsized organizations was 

considerably stronger than in larger organizations, while 

branches of smaller organizations declined. Midsized 

organizations expanded their branch network by 3.6 

Table 2

The Number of “Other” Banking Offices Rose Sharply Last Year

Brick and Mortar 

Offices Retail Offices

Drive-Through 

Facilities

Other Office 

Types Total

June 2004 66,697 4,359 2,845 577 74,478

June 2008 75,720 4,992 2,366 606 83,684

June 2009 78,150 5,338 2,330 662 86,480

1-Year Growth Rate 3.2% 6.9% -1.5% 9.2% 3.3%

5-Year Compound Growth Rate 3.2% 4.1% -3.9% 2.8% 3.0%

Sources: FDIC Summary of Deposits and OTS Branch Office Survey.

Note: Commercial banks only. 

Table 3

Midsized Organizations Reported the Greatest Deposit and Office Growth During the Past Year

Large Organizations Midsized Organizations Small Organizations

Number of 

Institutions

Number of 

Offices

Domestic 

Deposits 

($ billions)

Number of 

Institutions

Number of 

Offices

Domestic 

Deposits 

($ billions)

Number of 

Institutions

Number of 

Offices

Domestic 

Deposits 

($ billions)

June 2004 113 39,875 3,404 461 17,405 923 8,487 31,859 1,084

June 2008 113 46,888 4,688 551 19,590 1,074 7,770 32,039 1,188

June 2009 113 47,378 5,078 574 20,294 1,187 7,491 31,257 1,221

1-Year Growth Rate 0.0% 1.0% 7.6% 4.3% 3.6% 10.5% -3.6% -2.4% 2.8%

5-Year Compound 

Growth Rate 0.0% 3.5% 8.2% 4.5% 3.1% 5.2% -2.5% -0.4% 2.6%

Sources: FDIC Summary of Deposits and OTS Branch Office Survey.

Notes: Small organizations are those with consolidated deposits less than $1 billion. Midsized organizations are those with consolidated deposits of $1 billion to $10 billion. Large organizations 

are those with consolidated deposits greater then $10 billion.
FDIC Quarterly 32 2009, Volume 3, No. 4

two quarters was only 64 percent of the rate reported 

during the first half of 2008.

Office Growth Followed State Demographic Trends

Studies have shown that office growth is related to 

demographic factors such as population, employment, 

and per capita income growth.9 In general, states with a 

faster growing population have experienced greater 

office growth over the past five years.10 For example, six 

of the ten states with the fastest population growth also 

ranked among the top ten states for office growth 

during the past five years. Likewise, of the ten states 

with the lowest population growth, six ranked among 

the bottom ten for office growth.

Deposit volumes, however, are driven by other factors, 

such as state law. Institutions also may follow different 

procedures when assigning deposits to branches, such as 

the proximity to the account holder’s address, the office 

where the deposit account is most active, the office 

where the account originated, or the office assignment 

used when determining employee compensation. The 

factors affecting office and deposit growth have contrib9

 See Ron Spieker, “Bank Branch Growth Has Been Steady—

Will It Continue?” FDIC Future of Banking Study, August 2004, 

http://www.fdic.gov/bank/analytical/future/fob_08.pdf. 10 The five-year compound growth rate in the number of offices by 

state has a correlation coefficient of 0.63 to the five-year compound 

growth rate in population by state. The correlation coefficient is a 

statistic that measures the degree to which two or more data series 

move together. 

The Number of Banking Organizations with 

Operations in Multiple States Increased

Banks and thrifts continue to slowly push toward a 

50-state franchise. Although no banking organization, 

even the largest or most geographically diverse, operates 

in all 50 states and the District of Columbia, the 

number that operate in at least 15 states increased from 

12 to 14 during the year (see Table 4). As banking 

organizations grow larger, they may encounter nationwide deposit concentration limits.8

Overall, the number of FDIC-insured commercial banks 

and savings institutions declined from 8,451 to 8,195 

during the year. This decrease of 256 institutions was 

significantly greater than the decrease of 163 institutions during the prior year. The decline in the number 

of institutions reflects the long-term trend of industry 

consolidation and the increase in bank failures during 

the current economic downturn. The decline in merger 

and acquisition activity among insured institutions is 

also likely a reflection of the current economic environment. The 89 mergers and acquisitions during the past 

8

 Concentration limits are set forth in the Riegle-Neal Interstate Banking and Branching Efficiency Act of 1994, as codified by the FDIC in 

Section 44 of the Federal Deposit Insurance Act. The Act states in part 

that bank regulatory agencies cannot approve an interstate merger 

transaction if the resulting bank (including all insured depository institutions that are affiliates of the resulting bank), upon consummation 

of the transaction, would control more than 10 percent of the total 

amount of deposits of insured depository institutions in the United 

States, with certain exceptions. 

Table 4

More Banking Organizations Are Operating in 15 or More States

Company

Number of States 

with Deposit Offices

Reported Number of 

Deposit Offices

Domestic Deposits 

($ billions)

Share of Total 

Domestic Deposits 

(%)

Wells Fargo & Company 40 6,691 759.7 10%

Bank of America Corporation 36 6,221 907.4 12%

Jpmorgan Chase & Co. 24 5,07  639.8 

U.S. Bancorp 24 2,898 152.0 2%

Bnp Paribas 20 70  42.8 

First Citizens Bancshares, Inc. 17 391 14.4 0

Dickinson Financial Corporation 17 214 4.5 0%

Northern Trust Corporation 17 94 23.6 0%

Capitol Bancorp Ltd. 17 77 4.7 0%

Regions Financial Corporation 16 1,882 93.7 1%

Pnc Financial Services Group 15 2,72  188.1 

Citigroup Inc. 15 1,023 317.5 4%

Keycorp 15 999 67.4 1%

Woodforest Financial Group, Inc. 15 655 2.8 0%

Sources: FDIC Summary of Deposits and OTS Branch Office Survey.

Note: See SOD instructions for definition of deposit offices. 
FDIC Quarterly 33 2009, Volume 3, No. 4

Summary of Deposits

reported a combined deposit market share of 51 percent 

for the Pittsburgh metropolitan area as of June 30, 2009. 

In the Cincinnati metropolitan area, two institutions 

(Fifth Third Bank and U.S. Bank) controlled 58 

percent of total deposits. Three institutions (Bank of 

America N.A., Wells Fargo N.A., and Citibank N.A.) 

controlled 63 percent of total deposits in the San Francisco metropolitan area.

Conclusion

This article summarizes recent trends in the deposits and 

offices of FDIC-insured institutions. While both offices 

and deposits tend to grow over time in relation to demographic factors, such as population, other factors such as 

economic conditions and competition are at work as 

well. Growth in the number of offices slowed in the year 

ending June 30, 2009, but deposits grew faster than 

during the previous year. Both trends may be related to 

the economic and financial turmoil that affected the 

operating environment for banks and thrifts. These divergent trends speak to the fact that growth in deposits is 

not determined solely by growth in the number of offices.

Midsized institutions reported the fastest deposit growth 

of any size group during the year. This trend is largely 

explained by the acquisition of smaller institutions by 

midsized institutions and the organic growth of smaller 

institutions into midsized institutions. Meanwhile, 

certain large institutions continue to exert significant 

local market power. The three banking organizations 

with the largest branch networks report 18 percent of 

uted to divergent office and deposit growth rates across 

the nation (see Maps 1 and 2).

One-Fifth of the Nation’s 25 Largest Metropolitan 

Areas Are Now “Highly Concentrated”

Continued industry consolidation has led to increased 

market concentration in many of the nation’s largest 

metropolitan areas. By law, bank regulatory agencies 

and the Department of Justice must consider market 

concentration in their analysis of proposed mergers and 

acquisitions. The Herfindahl-Hirschman Index (HHI) 

is a commonly used measure of market concentration.11

As of June 30, 2009, 5 of the 25 largest metropolitan 

areas had an HHI in the “highly concentrated” range 

with a score of more than 1,800. Another 15 metropolitan areas had an HHI in the “moderately concentrated” range with a score between 1,000 and 1,800 

(see Table 5). Ten of the 25 largest metropolitan areas 

saw an increase in their HHI during the past year.

Market concentration increases as banking organizations dominate deposit market share in a metropolitan 

area. For instance, PNC Bank N.A. and National City 

Bank (both owned by PNC Financial Services Group) 

11 Under the Department of Justice (DOJ) guidelines, markets with an 

HHI of less than 1,000 are considered “unconcentrated,” those with an 

HHI between 1,000 and 1,800 are considered “moderately concentrated,” and those with an HHI greater than 1,800 are considered 

“highly concentrated.” For more details, see the joint Federal Trade 

Commission and DOJ Web site on “Horizontal Merger Guidelines” at 

http://www.usdoj.gov/atr/public/guidelines/horiz_book/hmg1.html. 

Five-year Compound Growth

Change in Number of Offices

-0.44% to 1.12%

1.13% to 1.38%

1.39% to 1.80%

1.81% to 2.58%

Source: FDIC. 2.59% to 5.58%

Office Growth Was Centered in the 

Southeast and Southwest

Map 1

Five-year Compound Growth

Change in Deposits

-3.15% to 4.25%

4.26% to 5.33%

5..34% to 6.45%

6.46% to 7.80%

Source: FDIC. 7.81% to 36.93%

Deposit Growth Was Weakest in the Midwest and New England

Map 2
FDIC Quarterly 34 2009, Volume 3, No. 4

banks and thrifts to expand their physical presence in 

order to reach more customers and provide them a 

higher level of service.

SOD data were publicly released on October 8, 2009, and 

are available to the public through the FDIC’s Web site 

at http://www2.fdic.gov/sod/index.asp. Available SOD 

data include information on the deposits and branching 

activities of individual FDIC-insured institutions, market 

share information, and various summary charts and tables.

Author: Robert E. Basinger, Senior Financial Analyst

The author would like to thank Michael Bachman, 

Economic Assistant, Division of Insurance and Research, 

for his contributions to this article.

the nation’s deposit offices but hold 31 percent of 

domestic deposits. In 5 of the nation’s 25 largest metropolitan areas, three or fewer institutions report a market 

share of more than 50 percent.

Expectations for future growth in bank offices may be 

modest as long as the industry continues to cope with 

weak earnings and high credit losses (see accompanying 

Quarterly Banking Profile). However, after this process is 

complete, we should expect to see a new round of office 

growth as institutions compete for deposits to fund new 

lending activity. Other things being equal, we would 

expect office expansion to be most pronounced in the 

more competitive deposit markets, and less so in highly 

concentrated markets. As in other retail industries, 

competitive markets provide the greatest incentive for 

Table 5

Five of the Largest Metro Areas Are Characterized as “Highly Concentrated” Markets 

According to the Department of Justice’s Herfindahl-Hirschman Index Measurement 

(Top 25 metropolitan areas by population as of June 30, 2009)

Metropolitan Area

HerfindahlHirschman 

Index 

Population 

Estimate 

(Millions)

5-Year 

Compound 

Growth Rate 

in Offices 

(Percent)

5-Year 

Compound 

Growth Rate 

in Deposits 

(Percent)

Pittsburgh, PA 2,863 2.3 0.3 6.1

Cincinnati-Middletown, OH-KY-IN 2,015 2.2 2.2 4.8

San Francisco-Oakland-Fremont, CA 2,012 4.3 2.4 6.9

Dallas-Fort Worth-Arlington, TX 1,878 6.4 6.2 11.1

Minneapolis-St. Paul-Bloomington, MN-WI 1,875 3.3 2.6 7.9

Sacramento--Arden-Arcade--Roseville, CA 1,792 2.1 4.7 12.7

Phoenix-Mesa-Scottsdale, AZ 1,603 4.4 6.5 6.4

Houston-Sugar Land-Baytown, TX 1,455 5.8 5.4 7.1

Detroit-Warren-Livonia, MI 1,417 4.4 1.3 4.1

Portland-Vancouver-Beaverton, OR-WA 1,291 2.2 2.0 6.8

New York-Northern New Jersey-Long Island, NY-NJ-PA 1,238 19.1 2.6 4.6

Baltimore-Towson, MD 1,202 2.7 1.8 6.0

Atlanta-Sandy Springs-Marietta, GA 1,186 5.5 1.8 7.3

San Diego-Carlsbad-San Marcos, CA 1,184 3.0 3.3 3.6

Riverside-San Bernardino-Ontario, CA 1,120 4.2 4.9 3.5

Seattle-Tacoma-Bellevue, WA 1,098 3.4 1.5 4.8

Washington-Arlington-Alexandria, DC-VA-MD-WV 1,062 5.4 3.7 6.7

Philadelphia-Camden-Wilmington, PA-NJ-DE-MD 1,055 5.9 1.1 9.3

Tampa-St. Petersburg-Clearwater, FL 1,019 2.7 3.3 7.3

Denver-Aurora, CO 1,008 2.5 2.8 6.2

Boston-Cambridge-Quincy, MA-NH 986 4.5 1.4 1.7

Los Angeles-Long Beach-Santa Ana, CA 964 13.0 3.0 5.2

Miami-Fort Lauderdale-Pompano Beach, FL 741 5.4 2.7 4.3

St. Louis, MO-IL 677 2.9 3.6 9.0

Chicago-Naperville-Joliet, IL-IN-WI 571 9.6 3.5 5.2

Sources: FDIC Summary of Deposits, OTS Branch Office Survey, and Moody’s Economy.com.

Note: The Herfindahl-Hirschman Index (HHI), a commonly accepted measure of market concentration, is calculated by squaring the market share of each firm competing in the market and 

then summing the resulting numbers. Markets in which the HHI is between 1,000 and 1,800 points are considered to be “moderately concentrated,” and those in which the HHI is in 

excess of 1,800 points are considered to be “highly concentrated.” For more information, please refer to the joint U.S. Department of Justice and Federal Trade Commission Web site at 

http://www.usdoj.gov/atr/public/testimony/hhi.htm.

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