Quarterly Banking Profile Fourth Quarter 2008 

INSURED INSTITUTION PERFORMANCE 

■ Industry Posts $32.1 Billion Quarterly Loss 

■ Loan-Loss Expenses, Goodwill Writedowns, and Trading Losses Outstrip Revenues 

■ Asset Quality Indicators Show Further Deterioration 

■ Domestic Deposits Register Strong Growth 

■ Full-Year Net Income of $10.2 Billion Is Lowest Since 1989 

Note to Readers: Shortly after the original release of the Fourth Quarter 2008 Quarterly Banking Profile, amended financial 

reports were received that significantly changed aggregate fourth quarter and full-year earnings. Accordingly, this issue has been 

updated from the original release to reflect the changes. Updated results include substantially higher charges for goodwill impairment in the fourth quarter, which affected the industry’s aggregate net income and total equity capital. As a result of the amended 

reports, the industry’s fourth quarter net loss widened from $26.2 billion to $32.1 billion, and net income for all of 2008 was 

revised from $16.1 billion to $10.2 billion. 

Industry Reports First Quarterly Loss Since 1990 

Expenses associated with rising loan losses and declining asset values overwhelmed revenues in the fourth 

quarter of 2008, producing a net loss of $32.1 billion at 

insured commercial banks and savings institutions. This 

is the first time since the fourth quarter of 1990 that the 

industry has posted an aggregate net loss for a quarter. 

The −0.94 percent quarterly return on assets (ROA) is 

the worst since the −1.10 percent in the second quarter 

of 1987. A year ago, the industry reported $575 million 

in profits and an ROA of 0.02 percent. High expenses 

for loan-loss provisions, large writedowns of goodwill 

and other assets, and sizable losses in trading accounts 

all contributed to the industry’s net loss. A few very 

large losses were reported during the quarter—four 

institutions accounted for half of the total industry 

loss—but earnings problems were widespread. One out 

of every three institutions reported a net loss in the 

fourth quarter. Only 36 percent of institutions reported 

Chart 1 

year-over-year increases in quarterly earnings, and only 

33 percent reported higher quarterly ROAs. 

Provisions for Loan Losses Are More than Double 

Year-Earlier Total 

Insured banks and thrifts set aside $69.4 billion in provisions for loan and lease losses during the fourth quarter, 

more than twice the $32.1 billion that they set aside in 

the fourth quarter of 2007. Loss provisions represented 

50.4 percent of the industry’s net operating revenue 

(net interest income plus total noninterest income), the 

highest proportion since the second quarter of 1987 

when provisions absorbed 53.2 percent of net operating 

revenue. As in the fourth quarter of 2007, a few institutions reported unusually large trading losses, while 

others took substantial charges for impairment of goodwill. Goodwill impairment charges and other intangible 

asset expenses rose to $21.9 billion, from $11.5 billion 

in the fourth quarter of 2007. Trading activities 

Chart 2 

The Industry Has Its First Quarterly Loss in 18 Years Loss Provisions Were More Than 

$ Billions Twice the Level of a Year Ago 

-30 

-20 

-10 

0 

10 

20 

30 

40 

50 

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

Securities and Other Gains/Losses, Net 

Net Operating Income 

31.8 31.2 32.5 31.0 

34.0 33.2 34.7 32.6 

36.9 38.0 38.1 35.3 35.6 36.8 

28.7 

0.6 

19.3 

4.8 1.0 

4th Quarter 2008 vs. 4th Quarter 2007 

($ Billions) 

6.8 

-4.5 -6.1 

4.5 

-10 

-5 

0 

5 

10 

15 

20 

25 

30 

35 

40 37.3 

Positive 

Factor 

Negative 

Factors 

Increase in Increase in Decrease in Increase in Increase in 

-32.1 Net Interest Loan-Loss Noninterest Realized Noninterest 

Income Provisions Income Losses on Expense 

2004 2005 2006 2007 2008 Securities 

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produced a $9.2 billion net loss in the quarter, 

compared to a loss of $11.2 billion a year earlier. These 

are the only two quarters in the past 25 years in which 

trading revenues have been negative. Other negative 

earnings factors included a $6.1 billion (13 percent) 

year-over-year decline in noninterest income, and $8.1 

billion in realized losses on securities and other assets in 

the quarter, more than twice the $3.7 billion in losses 

realized a year earlier. The reduction in noninterest 

income was driven by declines in servicing income 

(down $3.1 billion from a year earlier) and securitization income (down $2.6 billion, or 52.3 percent). 

Average Net Interest Margin at Community Banks

Falls to 20-Year Low 

Net interest income totaled $97.0 billion in the fourth 

quarter, an increase of $4.5 billion (4.9 percent) from 

the fourth quarter of 2007. The average net interest 

margin (NIM) was 3.34 percent in the quarter, up 

slightly from 3.32 percent a year earlier but lower than 

the 3.37 percent average in the third quarter. The yearover-year margin improvement was confined mostly to 

larger institutions. More than half of all institutions (56 

percent) reported lower NIMs. At institutions with less 

than $1 billion in assets, the average margin was 3.66 

percent, compared to 3.85 percent a year earlier and 

3.78 percent in the third quarter. This is the lowest 

quarterly NIM for this size group of institutions since 

the second quarter of 1988. At larger institutions, the 

average NIM improved from 3.24 percent a year earlier 

to 3.30 percent, slightly below the 3.32 percent average 

of the third quarter. When short-term interest rates are 

low and declining, it is more difficult for banks to 

reduce the rates they pay for deposits without causing 

deposit outflows. The cost of short-term nondeposit 

liabilities, in contrast, tends to follow movements in 

short-term interest rates more closely. Community 

banks fund more than two-thirds of their assets with 

domestic interest-bearing deposits, whereas larger institutions fund less than half of their assets with these 

deposits. As rates fell in the fourth quarter, average 

funding costs declined at larger institutions but 

remained unchanged at community banks. 

Full-Year Earnings Fall to Lowest Level in 19 Years 

Net income for all of 2008 was $10.2 billion, a decline 

of $89.8 billion (89.8 percent) from the $100 billion 

the industry earned in 2007. This is the lowest annual 

earnings total since 1989, when the industry earned 

$10.0 billion. The ROA for the year was 0.08 percent, 

the lowest since 1987, when the industry reported a net 

loss. Almost one in four institutions (23.6 percent) was 

unprofitable in 2008, and almost two out of every three 

institutions (62.8 percent) reported lower full-year earnings than in 2007. Loss provisions totaled $174.4 billion 

in 2008, an increase of $105.2 billion (152 percent) 

compared to 2007. Total noninterest income was $25.6 

billion (11 percent) lower as a result of the industry’s 

first-ever full-year trading loss ($1.8 billion), a 

$5.8-billion (27.4-percent) decline in securitization 

income, and a $6.6-billion negative swing in proceeds 

from sales of loans, foreclosed properties, and other 

assets. As low as the full-year reported earnings total 

was, it could easily have been worse. If the effect of failures and purchase accounting for mergers that occurred 

during the year is excluded from reported results, the 

industry would have posted a net loss in 2008.1 The 

magnitude of many year-over-year income and expense 

comparisons is muted by the impact of these structural 

changes and their accounting treatments. 

Quarterly Net Charge-Off Rate Matches Previous High 

Net loan and lease charge-offs totaled $38.0 billion in 

the fourth quarter, an increase of $21.7 billion (132.7 

percent) from the fourth quarter of 2007. The annual1 Under purchase accounting rules that apply to bank mergers, income and 

expenses that have been booked by an acquired institution are reset to zero 

as of the date when a change in ownership occurs. Income and expenses 

that have been accrued prior to that date are reflected in adjustments to the 

assets, equity capital, and reserves of the acquired institution and are not 

reflected in subsequent reporting of year-to-date income and expense. 

Chart 3 Chart 4 

Troubled Loans Continue to Rise 

0.0 

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Noncurrent Loan Rate 

Quarterly Net Charge-off Rate 

1991 1993 1995 1997 1999 2001 2003 2005 2007 

Percent 

Full-Year Profitability Was the Lowest Since 1987 

-0.2 

0.0 

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1984 1986 1988 1990 1992 1994 1996 1998 2000 2002 2004 2006 2008 -2 

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Annual ROE

 (Percent) 

ROE 

ROA 

Annual ROA 

(Percent) 

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Quarterly Banking Profile 

ized quarterly net charge-off rate was 1.92 percent, the 

highest level in the 25 years that institutions have 

reported quarterly net charge-offs. The year-over-year 

increase in quarterly net charge-offs was led by real 

estate construction and development loans (up $6.1 

billion, or 450.9 percent), closed-end 1–4 family residential mortgage loans (up $4.6 billion, or 206.7 

percent), commercial and industrial (C&I) loans (up 

$3.1 billion, or 98.2 percent), and credit cards (up $2.5 

billion, or 60.1 percent). Charge-offs in all major loan 

categories increased from a year ago. Real estate loans 

accounted for almost two-thirds of the total increase in 

charge-offs (64.7 percent). 

Noncurrent Loans Register Sizable Increase in the

Fourth Quarter 

The amount of loans and leases that were noncurrent 

rose sharply in the fourth quarter, increasing by $44.2 

billion (23.7 percent). Noncurrent loans totaled $230.8 

billion at year-end, up from $186.6 billion at the end of 

the third quarter. More than two-thirds of the increase 

during the quarter (69.4 percent) came from loans 

secured by real estate. Noncurrent closed-end 1–4 family 

residential mortgages increased by $18.4 billion (24.1 

percent) during the quarter, while noncurrent C&I loans 

rose by $7.6 billion (42.8 percent). Noncurrent home 

equity loans increased by $3.0 billion (39.0 percent), and 

noncurrent loans secured by nonfarm nonresidential real 

estate increased by $3.0 billion (20.9 percent). In the 12 

months ended December 31, total noncurrent loans at 

insured institutions increased by $120.1 billion (108.5 

percent). At the end of the year, the percentage of loans 

and leases that were noncurrent stood at 2.93 percent, 

the highest level since the end of 1992. Real estate 

construction loans had the highest noncurrent rate of 

any major loan category at year-end, at 8.55 percent, up 

from 7.30 percent at the end of the third quarter. 

Chart 5 

Reserve Coverage Ratio Slips to 16-Year Low 

Total reserves increased by $16.6 billion (10.6 percent) 

in the fourth quarter. Insured institutions added $31.4 

billion more in loss provisions to reserves than they 

took out in charge-offs, but the impact of purchase 

accounting from a few large mergers in the quarter 

limited the overall growth in industry reserves.2 The 

growth in reserves, coupled with a decline in industry 

loan balances, caused the industry’s ratio of reserves to 

total loans to increase during the quarter from 1.96 

percent to 2.20 percent, a 14-year high. However, the 

increase in reserves did not keep pace with the sharp 

rise in noncurrent loans, and the industry’s ratio of 

reserves to noncurrent loans fell from 83.9 percent to 

75.0 percent. This is the lowest level for the “coverage 

ratio” since the third quarter of 1992. 

Goodwill Writedowns Produce Drop in

Total Equity Capital 

Total equity capital declined for a third consecutive 

quarter, falling by $10.1 billion (0.8 percent) in the 

fourth quarter. A $45.5-billion (12.8-percent) decline in 

goodwill and a $16.5-billion reduction in other comprehensive income were the main reasons for the decline. 

In contrast, regulatory capital, which does not include 

goodwill and is not affected by unrealized losses on securities (which are included in other comprehensive 

income), increased during the quarter. Tier 1 leverage 

capital increased by $22.8 billion (2.3 percent), to $1 

trillion at year-end. Total regulatory capital increased by 

$28.0 billion (2.2 percent) during the quarter, to $1.28 

trillion. For the full year, equity capital fell by $51.2 

billion. Other comprehensive income, which includes 

unrealized gains and losses on securities held for sale, 

declined by $61.2 billion, and goodwill fell by $41.1 

billion. Even though the industry’s dividends fell by 

more than half in 2008 compared to 2007, the $51.0 

billion paid out in 2008 exceeded the year’s net income 

2 See footnote 1. 

Chart 6 

The Coverage Ratio Is Still Declining 

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1 2 3 4 1 2 3 4 1 2 3 41234 

$ Billions 

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Coverage Ratio (Percent) 

Loan-Loss Reserves ($ Billions) 

Noncurrent Loans ($ Billions) 

2005 2006 2007 2008

Percent 

Total Loans Declined in the Fourth Quarter 

-100 

-50 

0 

50 

100 

150 

1 2 3 4 1 2 3 4 1 2 3 4 1 2 3 4 1234 

Quarterly Change in Commercial Loans 

Quarterly Change in Consumer Loans 

Quarterly Change 

($ Billions) 

2004 2005 2006 2007 2008 

FDIC Quarterly 3 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

by almost $41 billion. Of the 5,631 insured institutions 

that paid dividends in 2007, more than half (55 

percent) reduced their dividends in 2008, including 502 

institutions (9 percent) that eliminated their dividends. 

At the end of 2008, 97.5 percent of all insured institutions, representing 98.7 percent of industry assets, met 

or exceeded the highest regulatory capital standards. 

Balances at Federal Reserve Banks Increased by

$342 Billion in the Quarter 

Total assets of insured institutions increased by $274.2 

billion (2.0 percent) in the fourth quarter. The growth 

was driven by a $341.7-billion (194.3-percent) increase 

in balances with Federal Reserve banks. While 1,069 

banks reported increases in reserve balances during the 

quarter, five banks accounted for more than half of the 

entire industry increase. Net loans and leases fell by 

$131.4 billion (1.7 percent), as several large institutions 

restructured their loan portfolios. Three large banks 

accounted for all of the decline in the industry’s loans 

during the fourth quarter; most institutions grew their 

loan balances in the quarter. Almost two-thirds of all 

institutions (64.7 percent) reported increases in their 

loans and leases, while only about half as many institutions (2,865 institutions, or 34.5 percent of all reporters) had declines in their loan portfolios. 

Deposit Share of Asset Funding Rises 

Total deposits increased by $307.9 billion (3.5 percent) in 

the fourth quarter, the largest percentage increase in a 

quarter in ten years. Deposits in domestic offices grew by 

$274.1 billion (3.8 percent), with interest-bearing domestic 

deposits rising by $242.8 billion (4.2 percent). Brokered 

deposits increased by $101.8 billion (15.3 percent). Deposits in foreign offices increased by $33.8 billion (2.2 percent) 

during the quarter. Deposit growth outpaced growth in 

total assets, and at the end of 2008, deposits funded 65.3 

percent of industry assets, the highest proportion since midyear 2007. Nondeposit liabilities fell by $23.6 billion (0.7 

percent), as Federal Home Loan Bank advances declined 

Chart 7 

Deposit Growth Was Particularly Strong 

in the Fourth Quarter 

Quarterly Change 

($ Billions) 

by $124.0 billion (13.6 percent), and Federal funds 

purchased and securities sold under repurchase agreements 

declined by $54.7 billion (5.8 percent). 

Trust Activities Receded in 2008 

In a difficult year for financial markets, it was not surprising that trust activities at insured institutions diminished. Total managed fiduciary assets declined in 2008 

by $1.1 trillion (25.1 percent), while non-managed 

assets fell by $3.4 trillion (19.6 percent), and assets in 

custodial and safekeeping accounts fell by $7.7 trillion 

(13.2 percent). Net fiduciary income was $1.1 billion 

(8.3 percent) less in 2008 than in 2007. 

Failures and Assistance Transactions Rose to 

15-Year High in 2008 

The number of FDIC-insured commercial banks and 

savings institutions reporting financial results fell to 

8,305 at the end of 2008, down from 8,384 at the end 

of the third quarter. The net decline of 79 institutions 

was the largest since the first quarter of 2002. Fifteen 

new institutions were chartered in the fourth quarter, 

the smallest number in any quarter since the third quarter of 1994. Seventy-eight insured institutions were 

absorbed into other institutions through mergers, and 

12 institutions failed during the quarter (five other 

institutions received FDIC assistance in the quarter). 

For all of 2008, there were 98 new charters, 292 mergers, 25 failures and 5 assistance transactions. This is the 

largest number of failed and assisted institutions in a 

year since 1993, when there were 50. At year-end, 252 

insured institutions with combined assets of $159 

billion were on the FDIC’s “Problem List.” These totals 

are up from 171 institutions with $116 billion in assets 

at the end of the third quarter, and 76 institutions with 

$22 billion in assets at the end of 2007. 

Author: Ross Waldrop, Sr. Banking Analyst 

Division of Insurance and Research 

(202) 898-3951 

Chart 8 

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Total Deposits 

Nondeposit Liabilities 

Merger and Chartering Activity Slowed in 2008 

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1992 1994 1996 1998 2000 2002 2004 2006 2008 

Number of Institutions 

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2006 2007 2008 

FDIC Quarterly 4 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

Quarterly Banking Profile 

TABLE I-A. Selected Indicators, All FDIC-Insured Institutions* 2008 2007 2006 2005 2004 2003 2002 

Return on assets (%) ������������������������������������������������������������������������������������������������������ 0�08 0�81 1�28 1�28 1�28 1�38 1�30 

Return on equity (%)������������������������������������������������������������������������������������������������������� 0�79 7�75 12�30 12�43 13�20 15�05 14�08 

Core capital (leverage) ratio (%) ������������������������������������������������������������������������������������ 7�49 7�97 8�22 8�25 8�11 7�88 7�86 

Noncurrent assets plus other real estate owned to assets (%) ������������������������������������ 1�88 0�94 0�54 0�50 0�53 0�75 0�90 

Net charge-offs to loans (%) ������������������������������������������������������������������������������������������ 1�28 0�59 0�39 0�49 0�56 0�78 0�97 

Asset growth rate (%) ����������������������������������������������������������������������������������������������������� 6�24 9�89 9�04 7�63 11�37 7�58 7�20 

Net interest margin (%)��������������������������������������������������������������������������������������������������� 3�18 3�29 3�31 3�47 3�52 3�73 3�96 

Net operating income growth (%)����������������������������������������������������������������������������������� -85�70 -27�58 8�52 11�43 3�99 16�38 17�58 

Number of institutions reporting������������������������������������������������������������������������������������� 8,305 8,534 8,680 8,833 8,976 9,181 9,354 

Commercial banks��������������������������������������������������������������������������������������������������� 7,085 7,283 7,401 7,526 7,631 7,770 7,888 

Savings institutions ������������������������������������������������������������������������������������������������� 1,220 1,251 1,279 1,307 1,345 1,411 1,466 

Percentage of unprofitable institutions (%)�������������������������������������������������������������������� 23�59 12�07 7�94 6�22 5�97 5�99 6�67 

Number of problem institutions�������������������������������������������������������������������������������������� 252 76 50 52 80 116 136 

Assets of problem institutions (in billions) ��������������������������������������������������������������������� $159 $22 $8 $7 $28 $30 $39 

Number of failed institutions������������������������������������������������������������������������������������������� 25 3 0 0 4 3 11 

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

* Excludes insured branches of foreign banks (IBAs)� 

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

(dollar figures in millions) 4th Quarter 

2008 

3rd Quarter 

2008 

4th Quarter 

2007 

%Change 

07Q4-08Q4 

Number of institutions reporting������������������������������������������������������������������������������������� 8,305 8,384 8,534 -2�7 

Total employees (full-time equivalent) ��������������������������������������������������������������������������� 2,153,247 2,170,931 2,215,029 -2�8 

CONDITION DATA 

Total assets �������������������������������������������������������������������������������������������������������������������� $13,847,284 $13,573,065 $13,034,074 6�2 

Loans secured by real estate���������������������������������������������������������������������������������� 4,704,149 4,749,500 4,781,832 -1�6 

1-4 Family residential mortgages �������������������������������������������������������������������� 2,044,840 2,102,109 2,241,455 -8�8 

Nonfarm nonresidential������������������������������������������������������������������������������������ 1,068,203 1,043,174 968,765 10�3 

Construction and development������������������������������������������������������������������������ 590,177 615,891 629,452 -6�2 

Home equity lines��������������������������������������������������������������������������������������������� 667,505 652,127 611,389 9�2 

Commercial & industrial loans �������������������������������������������������������������������������������� 1,496,321 1,503,734 1,439,122 4�0 

Loans to individuals������������������������������������������������������������������������������������������������� 1,088,780 1,082,719 1,058,462 2�9 

Credit cards ������������������������������������������������������������������������������������������������������ 444,685 411,627 421,818 5�4 

Farm loans��������������������������������������������������������������������������������������������������������������� 59,908 59,504 56,786 5�5 

Other loans & leases����������������������������������������������������������������������������������������������� 531,278 597,344 572,625 -7�2 

Less: Unearned income ������������������������������������������������������������������������������������������ 5,204 2,790 2,309 125�4 

Total loans & leases ������������������������������������������������������������������������������������������������ 7,875,231 7,990,011 7,906,518 -0�4 

Less: Reserve for losses����������������������������������������������������������������������������������������� 173,163 156,530 102,552 68�9 

Net loans and leases����������������������������������������������������������������������������������������������� 7,702,069 7,833,481 7,803,966 -1�3 

Securities����������������������������������������������������������������������������������������������������������������� 2,035,605 2,025,444 1,954,146 4�2 

Other real estate owned������������������������������������������������������������������������������������������ 26,618 22,960 12,127 119�5 

Goodwill and other intangibles ������������������������������������������������������������������������������� 423,198 484,149 461,744 -8�3 

All other assets�������������������������������������������������������������������������������������������������������� 3,659,794 3,207,031 2,802,091 30�6 

Total liabilities and capital ���������������������������������������������������������������������������������������������� 13,847,284 13,573,065 13,034,074 6�2 

Deposits������������������������������������������������������������������������������������������������������������������� 9,035,676 8,727,757 8,415,375 7�4 

Domestic office deposits���������������������������������������������������������������������������������� 7,496,369 7,222,236 6,912,800 8�4 

Foreign office deposits������������������������������������������������������������������������������������� 1,539,307 1,505,522 1,502,575 2�4 

Other borrowed funds ��������������������������������������������������������������������������������������������� 2,575,254 2,732,527 2,516,753 2�3 

Subordinated debt��������������������������������������������������������������������������������������������������� 185,467 176,833 185,393 0�0 

All other liabilities ���������������������������������������������������������������������������������������������������� 754,565 629,552 569,065 32�6 

Equity capital ����������������������������������������������������������������������������������������������������������� 1,296,322 1,306,396 1,347,488 -3�8 

Loans and leases 30-89 days past due������������������������������������������������������������������������� 158,186 121,380 107,999 46�5 

Noncurrent loans and leases ����������������������������������������������������������������������������������������� 230,809 186,560 110,708 108�5 

Restructured loans and leases �������������������������������������������������������������������������������������� 23,968 18,942 6,926 246�1 

Direct and indirect investments in real estate ��������������������������������������������������������������� 948 910 1,097 -13�6 

Mortgage-backed securities ������������������������������������������������������������������������������������������ 1,299,829 1,261,316 1,236,004 5�2 

Earning assets���������������������������������������������������������������������������������������������������������������� 11,768,835 11,492,995 11,304,844 4�1 

FHLB advances �������������������������������������������������������������������������������������������������������������� 787,512 911,469 808,944 -2�6 

Unused loan commitments��������������������������������������������������������������������������������������������� 7,147,590 7,860,482 8,315,951 -14�0 

Trust assets��������������������������������������������������������������������������������������������������������������������� 17,328,176 19,948,345 21,862,322 -20�7 

Assets securitized and sold**����������������������������������������������������������������������������������������� 1,910,884 1,906,803 1,698,002 12�5 

Notional amount of derivatives**������������������������������������������������������������������������������������ 201,096,104 177,103,500 166,118,444 21�1 

Full Year Full Year 4th Quarter 4th Quarter %Change 

INCOME DATA 2008 2007 %Change 2008 2007 07Q4-08Q4 

Total interest income ������������������������������������������������������������������� $603,357 $724,859 -16�8 $151,227 $189,631 -20�3 

Total interest expense ����������������������������������������������������������������� 245,612 372,144 -34�0 54,203 97,127 -44�2 

Net interest income �������������������������������������������������������������� 357,746 352,714 1�4 97,024 92,504 4�9 

Provision for loan and lease losses �������������������������������������������� 174,362 69,193 152�0 69,431 32,144 116�0 

Total noninterest income ������������������������������������������������������������� 207,493 233,098 -11�0 40,885 47,000 -13�0 

Total noninterest expense ����������������������������������������������������������� 364,860 367,043 -0�6 111,309 104,473 6�5 

Securities gains (losses) ������������������������������������������������������������� -14,994 -1,371 N/M -8,137 -3,665 N/M 

Applicable income taxes ������������������������������������������������������������� 6,219 46,480 -86�6 -14,149 -1,112 N/M 

Extraordinary gains, net�������������������������������������������������������������� 5,367 -1,735 N/M 4,710 241 N/M 

Net income���������������������������������������������������������������������������� 10,170 99,991 -89�8 -32,109 575 N/M 

Net charge-offs���������������������������������������������������������������������������� 99,461 44,118 125�4 37,983 16,319 132�8 

Cash dividends ���������������������������������������������������������������������������� 51,017 110,348 -53�8 8,463 20,746 -59�2 

Retained earnings ����������������������������������������������������������������������� -40,846 -10,356 N/M -40,572 -20,172 N/M 

Net operating income ����������������������������������������������������������� 14,641 102,409 -85�7 -31,782 2,553 N/M 

** Call Report filers only� N/M - Not Meaningful� 

FDIC Quarterly 5 2009, Volume 3, No. 1 
TABLE III-A. Full Year 2008, All FDIC-Insured Institutions 

Full YEAr 

(The way it is...) 

Number of institutions reporting����������������������� 

All Insured 

Institutions 

Asset Concentration Groups* 

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 

8,305 26 5 1,558 4,752 838 91 281 710 44 

Commercial banks������������������������������������� 7,085 22 5 1,554 4,248 230 71 259 662 34 

Savings institutions ����������������������������������� 1,220 4 0 4 504 608 20 22 48 10 

Total assets (in billions)������������������������������������ $13,847�3 $513�0 $3,410�1 $168�8 $5,465�6 $997�5 $122�2 $34�7 $94�9 $3,040�5 

Commercial banks������������������������������������� 12,312�9 487�1 3,410�1 168�3 4,943�6 183�3 66�1 30�5 84�2 2,939�8 

Savings institutions ����������������������������������� 1,534�4 26�0 0�0 0�4 522�0 814�3 56�1 4�2 10�7 100�7 

Total deposits (in billions)��������������������������������� 9,035�7 200�0 2,139�2 135�6 3,872�2 548�6 87�2 25�8 77�6 1,949�6 

Commercial banks������������������������������������� 8,082�1 183�0 2,139�2 135�2 3,528�8 68�8 43�1 22�9 68�9 1,892�1 

Savings institutions ����������������������������������� 953�6 17�0 0�0 0�4 343�4 479�8 44�1 2�9 8�6 57�5 

Net income (in millions) ������������������������������������ 10,170 7,915 8,061 1,642 -1,963 -4,153 -7 493 798 -2,617 

Commercial banks������������������������������������� 18,726 7,592 8,061 1,638 -1,209 2,292 7 290 817 -762 

Savings institutions ����������������������������������� 

Performance ratios (%) 

-8,556 323 0 3 -753 -6,445 -15 204 -19 -1,854 

Yield on earning assets������������������������������������ 5�36 12�21 5�13 6�38 5�88 4�91 6�64 4�52 6�10 3�61 

Cost of funding earning assets ������������������������ 2�18 2�81 2�26 2�48 2�28 2�47 2�90 1�67 2�28 1�66 

Net interest margin������������������������������������ 3�18 9�41 2�86 3�90 3�60 2�43 3�74 2�85 3�82 1�94 

Noninterest income to assets��������������������������� 1�58 8�00 1�75 0�65 1�45 0�44 1�79 11�45 0�86 0�92 

Noninterest expense to assets������������������������� 2�77 6�65 2�87 2�65 3�17 1�56 2�95 11�18 2�98 1�62 

Loan and lease loss provision to assets���������� 1�32 6�69 1�19 0�35 1�29 1�42 2�43 0�13 0�27 0�70 

Net operating income to assets ����������������������� 0�11 1�41 0�11 1�04 0�02 -0�38 -0�06 1�64 0�94 0�14 

Pretax return on assets ������������������������������������ 0�12 2�60 0�15 1�18 0�06 -0�34 -0�04 2�40 1�01 -0�13 

Return on assets����������������������������������������������� 0�08 1�70 0�25 1�01 -0�04 -0�43 -0�01 1�45 0�86 -0�09 

Return on equity ����������������������������������������������� 0�79 7�87 3�44 9�11 -0�35 -5�59 -0�06 7�43 7�58 -0�93 

Net charge-offs to loans and leases���������������� 1�28 5�94 1�43 0�41 1�12 0�85 1�74 0�33 0�35 0�74 

Loan and lease loss provision to 

net charge-offs ������������������������������������������ 175�31 151�89 204�34 129�34 163�15 244�16 172�14 152�43 138�83 183�95 

Efficiency ratio �������������������������������������������������� 59�04 39�56 65�41 62�31 61�02 57�05 55�87 76�38 67�94 59�57 

% of unprofitable institutions���������������������������� 23�59 15�38 20�00 6�68 31�57 23�75 18�68 16�37 9�72 43�18 

% of institutions with earnings gains���������������� 

Condition ratios (%) 

36�82 26�92 40�00 51�93 27�74 48�45 43�96 40�93 49�01 29�55 

Earning assets to total assets �������������������������� 

Loss allowance to: �������������������������������������������� 

84�99 81�27 81�54 91�19 87�45 90�91 92�95 87�80 91�57 82�22 

Loans and leases �������������������������������������� 2�20 7�09 2�79 1�32 1�86 1�34 2�44 1�38 1�25 1�75 

Noncurrent loans and leases�������������������� 75�02 255�14 72�75 92�09 65�44 39�85 164�59 133�07 87�44 70�66 

Noncurrent assets plus 

other real estate owned to assets������������� 1�88 2�08 1�62 1�18 2�31 2�53 1�31 0�35 1�07 1�27 

Equity capital ratio�������������������������������������������� 9�36 20�44 7�01 11�01 10�11 7�49 9�85 18�56 11�31 9�11 

Core capital (leverage) ratio����������������������������� 7�49 14�55 5�95 9�99 8�17 7�20 9�86 16�30 10�91 6�60 

Tier 1 risk-based capital ratio��������������������������� 9�99 13�72 9�60 13�33 9�70 12�86 12�23 38�03 17�73 8�74 

Total risk-based capital ratio ���������������������������� 12�81 16�11 13�73 14�39 12�02 13�84 13�93 38�86 18�83 12�06 

Net loans and leases to deposits��������������������� 85�24 179�11 58�53 81�63 96�96 119�66 108�67 30�08 68�39 72�57 

Net loans to total assets����������������������������������� 55�62 69�82 36�72 65�57 68�69 65�80 77�53 22�35 55�91 46�53 

Domestic deposits to total assets �������������������� 

Structural Changes 

54�14 34�36 31�51 80�33 67�75 54�93 70�21 72�04 81�66 54�95 

New Charters��������������������������������������������� 98 0 0 2 28 2 0 66 0 0 

Institutions absorbed by mergers ������������� 292 0 2 32 217 18 1 1 12 9 

Failed Institutions �������������������������������������� 

PrIOr Full YEArS 

(The way it was...) 

25 0 0 1 21 3 0 0 0 0 

Number of institutions ����������������������������� 2007 8,534 27 5 1,592 4,773 784 109 373 815 56 

������������������������������������� 2005 8,833 33 4 1,685 4,617 887 125 425 995 62 

������������������������������������� 2003 9,181 36 6 1,767 4,254 1,033 157 529 1,308 91 

Total assets (in billions)��������������������������� 2007 $13,034�1 $479�2 $2,784�4 $157�5 $4,619�2 $1,328�1 $94�9 $37�8 $110�4 $3,422�7 

������������������������������������� 2005 10,878�3 359�1 1,851�2 142�3 4,257�3 1,655�1 117�3 47�7 128�7 2,319�6 

������������������������������������� 2003 9,075�7 348�4 1,448�0 129�5 2,923�8 1,657�9 146�6 61�1 171�1 2,189�3 

Return on assets (%) ������������������������������� 2007 0�81 3�35 0�58 1�20 0�83 0�03 1�26 2�56 1�03 0�88 

������������������������������������� 2005 1�28 2�90 0�86 1�27 1�36 1�07 1�55 2�18 1�09 1�35 

������������������������������������� 2003 1�38 4�08 1�10 1�20 1�28 1�38 1�31 1�85 1�06 1�34 

Net charge-offs to loans & leases (%) ���� 2007 0�59 3�95 0�76 0�22 0�35 0�40 0�87 0�29 0�22 0�39 

������������������������������������� 2005 0�49 4�64 0�87 0�18 0�23 0�12 1�44 0�26 0�23 0�24 

������������������������������������� 2003 0�78 5�22 1�40 0�28 0�46 0�18 2�09 1�22 0�38 0�62 

Noncurrent assets plus OREO to 

assets (%) �������������������� 2007 0�94 1�54 0�68 0�83 1�07 1�52 1�64 0�23 0�65 0�68 

������������������������������������� 2005 0�50 1�32 0�46 0�61 0�48 0�56 0�51 0�24 0�54 0�39 

������������������������������������� 2003 0�75 1�63 0�93 0�81 0�68 0�73 0�99 0�33 0�71 0�59 

Equity capital ratio (%)����������������������������� 2007 10�34 21�26 8�01 11�17 11�00 8�38 12�62 19�98 11�46 10�32 

������������������������������������� 2005 10�28 21�51 8�30 10�55 10�83 9�39 10�11 19�47 10�83 9�53 

������������������������������������� 2003 9�15 16�04 7�39 10�64 9�24 9�10 7�30 16�74 10�45 8�87 

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

FDIC Quarterly 6 2009, Volume 3, No. 1 
Quarterly Banking Profile 

TABLE III-A. Full Year 2008, All FDIC-Insured Institutions 

Full Year 

(The way it is...) 

Number of institutions reporting����������������������������� 

All Insured 

Institutions 

Asset Size Distribution Geographic regions* 

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 

8,305 3,131 4,499 561 114 1,014 1,180 1,705 1,935 1,700 771 

Commercial banks������������������������������������������� 7,085 2,784 3,790 425 86 530 1,041 1,407 1,829 1,575 703 

Savings institutions ����������������������������������������� 1,220 347 709 136 28 484 139 298 106 125 68 

Total assets (in billions)������������������������������������������ $13,847�3 $170�8 $1,355�7 $1,491�6 $10,829�2 $2,433�1 $3,749�2 $3,264�8 $1,057�4 $781�0 $2,561�8 

Commercial banks������������������������������������������� 12,312�9 152�5 1,105�7 1,142�5 9,912�2 1,725�5 3,483�0 3,117�5 1,008�1 653�4 2,325�2 

Savings institutions ����������������������������������������� 1,534�4 18�3 250�0 349�1 917�0 707�6 266�2 147�2 49�3 127�6 236�5 

Total deposits (in billions)��������������������������������������� 9,035�7 139�2 1,071�9 1,080�0 6,744�6 1,534�4 2,513�5 2,155�6 718�8 571�1 1,542�2 

Commercial banks������������������������������������������� 8,082�1 125�2 887�4 830�5 6,239�0 1,058�4 2,363�4 2,050�6 683�3 492�0 1,434�3 

Savings institutions ����������������������������������������� 953�6 14�0 184�5 249�5 505�6 476�0 150�1 104�9 35�5 79�1 107�9 

Net income (in millions)������������������������������������������ 10,170 493 4,204 -2,638 8,112 8,850 -3,349 9,121 5,854 3,998 -14,303 

Commercial banks������������������������������������������� 18,726 528 3,992 -1,113 15,319 11,079 -2,039 10,137 5,887 3,763 -10,101 

Savings institutions ����������������������������������������� 

Performance ratios (%) 

-8,556 -36 212 -1,525 -7,207 -2,229 -1,310 -1,017 -33 234 -4,202 

Yield on earning assets������������������������������������������ 5�36 6�25 6�32 5�99 5�11 6�12 4�39 4�87 6�42 5�88 6�08 

Cost of funding earning assets ������������������������������ 2�18 2�39 2�61 2�47 2�07 2�42 1�94 2�14 2�07 2�18 2�40 

Net interest margin ������������������������������������������ 3�18 3�87 3�71 3�51 3�04 3�70 2�44 2�72 4�35 3�70 3�68 

Noninterest income to assets��������������������������������� 1�58 1�11 1�05 1�12 1�72 2�17 1�15 1�84 2�64 1�40 0�95 

Noninterest expense to assets������������������������������� 2�77 3�78 3�23 3�05 2�66 3�07 2�21 2�58 3�85 3�22 2�99 

Loan and lease loss provision to assets���������������� 1�32 0�45 0�68 1�16 1�44 1�44 1�02 1�23 1�83 0�79 1�75 

Net operating income to assets ����������������������������� 0�11 0�32 0�41 -0�05 0�09 0�51 -0�08 0�23 0�52 0�54 -0�44 

Pretax return on assets ������������������������������������������ 0�12 0�40 0�42 -0�11 0�12 0�63 -0�04 0�43 0�82 0�71 -0�97 

Return on assets����������������������������������������������������� 0�08 0�30 0�32 -0�18 0�08 0�38 -0�09 0�31 0�59 0�53 -0�60 

Return on equity ����������������������������������������������������� 0�79 2�24 3�11 -1�64 0�83 3�14 -0�89 3�60 6�02 5�38 -6�76 

Net charge-offs to loans and leases���������������������� 1�28 0�45 0�63 1�05 1�44 1�43 1�00 1�22 1�59 0�68 1�72 

Loan and lease loss provision to net charge-offs�� 175�31 159�07 153�07 160�54 178�84 177�73 169�83 189�25 169�66 174�31 170�01 

Efficiency ratio �������������������������������������������������������� 59�04 80�69 70�24 63�11 56�60 53�35 59�34 58�39 58�46 64�60 65�17 

% of unprofitable institutions���������������������������������� 23�59 24�43 21�94 28�70 40�35 30�18 41�78 19�65 13�33 14�35 41�89 

% of institutions with earnings gains���������������������� 

Condition ratios (%) 

36�82 40�72 35�85 25�31 24�56 37�77 19�58 40�18 44�08 42�53 23�74 

Earning assets to total assets�������������������������������� 

Loss Allowance to: 

84�99 91�44 91�55 89�99 83�38 85�56 84�03 85�12 86�45 90�18 83�50 

Loans and leases �������������������������������������������� 2�20 1�38 1�38 1�76 2�43 2�39 1�90 2�22 2�39 1�54 2�61 

Noncurrent loans and leases �������������������������� 75�02 70�27 58�89 61�32 79�46 114�41 64�73 68�41 80�01 68�08 72�34 

Noncurrent assets plus 

other real estate owned to assets������������������� 1�88 1�66 2�14 2�37 1�79 1�26 1�95 1�94 2�28 1�80 2�16 

Equity capital ratio�������������������������������������������������� 9�36 12�89 10�07 10�75 9�03 11�40 9�60 8�08 9�50 9�96 8�46 

Core capital (leverage) ratio����������������������������������� 7�49 12�57 9�60 9�26 6�90 8�61 6�64 6�84 8�21 9�01 7�81 

Tier 1 risk-based capital ratio��������������������������������� 9�99 18�24 12�83 11�83 9�23 12�34 8�69 9�11 9�79 11�57 10�61 

Total risk-based capital ratio ���������������������������������� 12�81 19�30 13�97 13�24 12�50 14�21 11�73 12�29 12�59 13�34 13�84 

Net loans and leases to deposits��������������������������� 85�24 77�64 88�43 94�46 83�41 87�86 85�48 77�18 96�08 89�21 86�98 

Net loans to total assets����������������������������������������� 55�62 63�27 69�91 68�39 51�95 55�41 57�31 50�96 65�32 65�24 52�36 

Domestic deposits to total assets �������������������������� 

Structural Changes 

54�14 81�49 78�97 71�58 48�19 54�60 58�94 52�16 64�35 72�28 39�43 

New Charters��������������������������������������������������� 98 92 4 1 1 20 34 3 5 14 22 

Institutions absorbed by mergers ������������������� 292 111 146 28 7 41 72 60 56 54 9 

Failed Institutions �������������������������������������������� 

PrIOr Full YEArS 

(The way it was...) 

25 6 10 6 3 0 8 2 4 3 8 

Number of institutions ������������������������������������2007 8,534 3,440 4,424 551 119 1,043 1,221 1,763 1,986 1,742 779 

��������������������������������������������2005 8,833 3,864 4,339 512 118 1,110 1,227 1,874 2,070 1,791 761 

��������������������������������������������2003 9,181 4,390 4,210 471 110 1,173 1,227 2,011 2,133 1,866 771 

Total assets (in billions)����������������������������������2007 $13,034�1 $181�9 $1,308�8 $1,422�1 $10,121�3 $2,441�1 $3,329�6 $2,842�5 $976�3 $738�3 $2,706�3 

��������������������������������������������2005 10,878�3 200�8 1,247�6 1,393�2 8,036�7 2,768�2 2,683�9 2,505�8 803�7 607�7 1,508�9 

��������������������������������������������2003 9,075�7 225�7 1,160�5 1,313�0 6,376�5 3,085�2 1,882�6 1,693�8 456�3 563�3 1,394�3 

Return on assets (%) ��������������������������������������2007 0�81 0�74 0�97 0�96 0�77 0�77 0�81 0�86 1�46 1�00 0�52 

��������������������������������������������2005 1�28 0�99 1�24 1�28 1�29 1�21 1�36 0�99 1�62 1�19 1�60 

��������������������������������������������2003 1�38 0�95 1�18 1�41 1�43 1�28 1�38 1�31 1�63 1�37 1�62 

Net charge-offs to loans & leases (%) �����������2007 0�59 0�24 0�25 0�42 0�68 0�90 0�33 0�47 0�78 0�30 0�76 

��������������������������������������������2005 0�49 0�20 0�19 0�24 0�60 0�80 0�23 0�33 0�56 0�24 0�70 

��������������������������������������������2003 

Noncurrent assets plus 

0�78 0�31 0�36 0�54 0�94 1�16 0�54 0�72 1�09 0�40 0�58 

OREO to assets (%)����������������������������������������2007 0�94 0�96 1�07 1�09 0�91 0�76 0�81 0�94 1�37 1�00 1�12 

��������������������������������������������2005 0�50 0�69 0�52 0�44 0�50 0�44 0�30 0�54 0�86 0�73 0�59 

��������������������������������������������2003 0�75 0�83 0�69 0�62 0�78 0�78 0�56 0�86 0�84 0�76 0�76 

Equity capital ratio (%)������������������������������������2007 10�34 13�73 10�49 11�34 10�12 12�06 10�30 9�23 9�74 10�22 10�24 

��������������������������������������������2005 10�28 12�16 10�20 10�68 10�18 10�54 9�80 9�23 10�45 10�17 12�40 

��������������������������������������������2003 9�15 11�49 10�05 10�34 8�66 9�05 8�78 8�49 10�59 9�60 10�05 

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

FDIC Quarterly 7 2009, Volume 3, No. 1 
 

TABLE IV-A. Fourth Quarter 2008, All FDIC-Insured Institutions 

FOurTH QuArTEr 

(The way it is...) 

Number of institutions reporting����������������������������������������� 

All Insured 

Institutions 

Asset Concentration Groups* 

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 

8,305 26 5 1,558 4,752 838 91 281 710 44 

Commercial banks������������������������������������������������������� 7,085 22 5 1,554 4,248 230 71 259 662 34 

Savings institutions ����������������������������������������������������� 1,220 4 0 4 504 608 20 22 48 10 

Total assets (in billions)������������������������������������������������������ $13,847�3 $513�0 $3,410�1 $168�8 $5,465�6 $997�5 $122�2 $34�7 $94�9 $3,040�5 

Commercial banks������������������������������������������������������� 12,312�9 487�1 3,410�1 168�3 4,943�6 183�3 66�1 30�5 84�2 2,939�8 

Savings institutions ����������������������������������������������������� 1,534�4 26�0 0�0 0�4 522�0 814�3 56�1 4�2 10�7 100�7 

Total deposits (in billions)��������������������������������������������������� 9,035�7 200�0 2,139�2 135�6 3,872�2 548�6 87�2 25�8 77�6 1,949�6 

Commercial banks������������������������������������������������������� 8,082�1 183�0 2,139�2 135�2 3,528�8 68�8 43�1 22�9 68�9 1,892�1 

Savings institutions ����������������������������������������������������� 953�6 17�0 0�0 0�4 343�4 479�8 44�1 2�9 8�6 57�5 

Net income (in millions) ������������������������������������������������������ -32,109 -273 -320 290 -19,771 -3,972 -492 60 171 -7,803 

Commercial banks������������������������������������������������������� -26,047 -195 -320 289 -19,393 548 -348 6 178 -6,813 

Savings institutions ����������������������������������������������������� 

Performance ratios (annualized, %) 

-6,062 -78 0 1 -378 -4,520 -144 54 -7 -990 

Yield on earning assets������������������������������������������������������ 5�21 13�35 4�91 6�13 5�61 5�32 6�56 4�23 5�91 3�28 

Cost of funding earning assets ������������������������������������������ 1�87 2�24 1�79 2�20 2�02 2�47 2�83 1�41 2�03 1�32 

Net interest margin ������������������������������������������������������ 3�34 11�10 3�12 3�94 3�60 2�84 3�73 2�82 3�88 1�96 

Noninterest income to assets��������������������������������������������� 1�19 6�29 1�36 0�62 1�15 0�34 1�35 10�69 0�84 0�44 

Noninterest expense to assets������������������������������������������� 3�25 6�51 3�29 2�80 3�91 1�84 3�15 11�20 3�10 1�87 

Loan and lease loss provision to assets���������������������������� 2�03 9�36 1�48 0�62 2�16 2�88 4�24 0�21 0�43 0�99 

Net operating income to assets ����������������������������������������� -0�93 -0�40 -0�47 0�73 -1�45 -1�51 -1�65 0�87 0�79 -0�55 

Pretax return on assets ������������������������������������������������������ -1�35 -0�39 -0�53 0�77 -1�82 -1�94 -2�58 1�51 0�76 -1�59 

Return on assets����������������������������������������������������������������� -0�94 -0�22 -0�04 0�70 -1�47 -1�61 -1�65 0�70 0�73 -1�06 

Return on equity ����������������������������������������������������������������� -9�88 -1�08 -0�53 6�32 -14�18 -20�99 -16�92 3�72 6�46 -11�26 

Net charge-offs to loans and leases���������������������������������� 1�92 6�96 1�85 0�74 1�83 1�78 2�14 0�48 0�54 1�16 

Loan and lease loss provision to net charge-offs�������������� 182�79 180�90 204�76 124�42 167�49 239�16 247�80 191�22 138�15 172�01 

Efficiency ratio �������������������������������������������������������������������� 64�86 39�39 69�98 65�87 66�49 61�74 64�97 77�29 70�19 78�69 

% of unprofitable institutions���������������������������������������������� 32�56 46�15 20�00 17�46 41�41 26�37 27�47 27�05 15�35 45�45 

% of institutions with earnings gains���������������������������������� 

Structural Changes 

35�65 23�08 60�00 43�07 28�77 51�55 41�76 39�15 45�63 22�73 

New Charters��������������������������������������������������������������� 15 0 0 0 6 0 0 9 0 0 

Institutions absorbed by mergers ������������������������������� 79 0 0 8 59 5 0 0 4 3 

Failed Institutions �������������������������������������������������������� 

PrIOr FOurTH QuArTErS 

(The way it was...) 

12 0 0 0 11 1 0 0 0 0 

Return on assets (%) ��������������������������������������������������2007 0�02 2�01 -0�20 1�07 0�24 -1�97 0�62 2�09 0�92 0�32 

��������������������������������������������������������2005 1�21 2�16 0�79 1�12 1�32 1�02 1�35 3�75 0�96 1�30 

��������������������������������������������������������2003 1�38 4�66 1�22 1�05 1�21 1�26 1�07 3�40 0�93 1�34 

Net charge-offs to loans & leases (%) �����������������������2007 0�84 4�24 1�05 0�32 0�62 0�67 1�03 0�26 0�38 0�55 

��������������������������������������������������������2005 0�60 6�16 0�86 0�26 0�29 0�19 1�67 0�36 0�32 0�30 

��������������������������������������������������������2003 0�80 5�30 1�36 0�44 0�49 0�13 2�81 0�56 0�44 0�56 

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

Credit-card Lenders - 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 the 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 8 2009, Volume 3, No. 1 
 

 

 

 

 

Quarterly Banking Profile 

TABLE IV-A. Fourth Quarter 2008, All FDIC-Insured Institutions 

FOurTH QuArTEr 

(The way it is...) 

Number of institutions reporting��������������������� 

All Insured 

Institutions 

Asset Size Distribution Geographic regions* 

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 

8,305 3,131 4,499 561 114 1,014 1,180 1,705 1,935 1,700 771 

Commercial banks����������������������������������� 7,085 2,784 3,790 425 86 530 1,041 1,407 1,829 1,575 703 

Savings institutions ��������������������������������� 1,220 347 709 136 28 484 139 298 106 125 68 

Total assets (in billions)���������������������������������� $13,847�3 $170�8 $1,355�7 $1,491�6 $10,829�2 $2,433�1 $3,749�2 $3,264�8 $1,057�4 $781�0 $2,561�8 

Commercial banks����������������������������������� 12,312�9 152�5 1,105�7 1,142�5 9,912�2 1,725�5 3,483�0 3,117�5 1,008�1 653�4 2,325�2 

Savings institutions ��������������������������������� 1,534�4 18�3 250�0 349�1 917�0 707�6 266�2 147�2 49�3 127�6 236�5 

Total deposits (in billions)������������������������������� 9,035�7 139�2 1,071�9 1,080�0 6,744�6 1,534�4 2,513�5 2,155�6 718�8 571�1 1,542�2 

Commercial banks����������������������������������� 8,082�1 125�2 887�4 830�5 6,239�0 1,058�4 2,363�4 2,050�6 683�3 492�0 1,434�3 

Savings institutions ��������������������������������� 953�6 14�0 184�5 249�5 505�6 476�0 150�1 104�9 35�5 79�1 107�9 

Net income (in millions) ���������������������������������� -32,109 -120 -346 -4,849 -26,795 -2,810 -13,495 -1,644 -982 133 -13,310 

Commercial banks����������������������������������� -26,047 -91 -345 -3,747 -21,864 -848 -12,894 -1,022 -975 206 -10,514 

Savings institutions ��������������������������������� 

Performance ratios (annualized, %) 

-6,062 -29 -1 -1,102 -4,930 -1,962 -601 -623 -7 -73 -2,796 

Yield on earning assets���������������������������������� 5�21 6�03 6�01 5�81 4�99 6�07 4�20 4�76 6�21 5�54 5�92 

Cost of funding earning assets ���������������������� 1�87 2�17 2�37 2�28 1�73 2�09 1�68 1�77 1�67 1�90 2�13 

Net interest margin ���������������������������������� 3�34 3�86 3�64 3�53 3�26 3�99 2�52 2�99 4�53 3�65 3�79 

Noninterest income to assets������������������������� 1�19 1�01 0�96 0�88 1�27 1�93 0�73 1�59 2�08 1�32 0�22 

Noninterest expense to assets����������������������� 3�25 4�05 3�27 3�44 3�21 3�30 3�02 2�82 3�95 3�35 3�80 

Loan and lease loss provision to assets�������� 2�03 0�76 1�13 1�93 2�17 2�24 1�59 1�74 3�08 1�15 2�70 

Net operating income to assets ��������������������� -0�93 -0�26 -0�05 -1�16 -1�02 -0�20 -1�45 -0�39 -0�59 0�07 -2�05 

Pretax return on assets ���������������������������������� -1�35 -0�29 -0�22 -1�57 -1�48 -0�65 -1�80 -0�24 -0�74 0�09 -3�57 

Return on assets��������������������������������������������� -0�94 -0�28 -0�10 -1�32 -1�00 -0�46 -1�45 -0�20 -0�38 0�07 -2�18 

Return on equity ��������������������������������������������� -9�88 -2�18 -1�02 -12�21 -10�89 -4�03 -14�58 -2�49 -3�96 0�69 -25�24 

Net charge-offs to loans and leases�������������� 1�92 0�82 1�07 1�71 2�11 1�85 1�60 1�86 2�26 0�96 2�73 

Loan and lease loss provision to net 

charge-offs ���������������������������������������������� 182�79 144�39 147�61 160�58 189�17 218�10 167�32 176�33 201�58 179�86 171�77 

Efficiency ratio ������������������������������������������������ 64�86 87�36 72�47 69�81 62�74 53�91 71�29 58�79 64�02 65�46 83�99 

% of unprofitable institutions�������������������������� 32�56 33�41 30�70 38�86 51�75 33�43 51�19 27�68 26�41 23�12 49�94 

% of institutions with earnings gains�������������� 

Structural Changes 

35�65 39�96 34�16 25�67 25�44 41�72 23�05 37�42 39�38 39�76 24�64 

New Charters������������������������������������������� 15 15 0 0 0 2 6 2 1 0 4 

Institutions absorbed by mergers ����������� 79 34 37 6 2 13 19 16 13 17 1 

Failed Institutions ������������������������������������ 

PrIOr FOurTH QuArTErS 

(The way it was...) 

12 3 6 2 1 0 5 2 0 2 3 

Return on assets (%) ����������������������������� 2007 0�02 0�44 0�68 0�60 -0�16 0�13 0�10 0�60 0�98 0�55 -1�26 

�������������������������������������������������������� 2005 1�21 0�80 1�25 1�19 1�22 1�10 1�30 0�96 1�49 1�11 1�58 

�������������������������������������������������������� 2003 1�38 0�85 1�15 1�41 1�44 1�34 1�36 1�30 1�62 1�26 1�58 

Net charge-offs to loans & leases (%) �� 2007 0�84 0�37 0�46 0�63 0�94 1�00 0�56 0�75 1�11 0�51 1�10 

�������������������������������������������������������� 2005 0�60 0�31 0�26 0�28 0�73 0�89 0�26 0�44 0�61 0�33 0�95 

�������������������������������������������������������� 2003 0�80 0�43 0�48 0�60 0�92 1�06 0�49 0�90 1�40 0�47 0�54 

* 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 Islands 

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 9 2009, Volume 3, No. 1 
TABLE V-A. Loan Performance, All FDIC-Insured Institutions 

December 31, 2008 All Insured 

Institutions 

Asset Concentration Groups* 

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�37 3�81 3�41 1�36 1�85 2�67 1�70 1�46 2�08 3�12 

Construction and development��������������������������������� 2�92 0�00 2�72 2�70 2�94 4�84 1�94 1�67 1�94 2�47 

Nonfarm nonresidential��������������������������������������������� 1�08 0�00 0�82 1�08 1�09 1�24 0�70 0�99 1�56 1�01 

Multifamily residential real estate ����������������������������� 1�18 0�00 1�05 0�92 1�19 1�14 0�06 0�43 1�37 1�43 

Home equity loans����������������������������������������������������� 1�78 3�87 2�15 0�75 1�23 2�16 1�36 0�21 1�03 2�38 

Other 1-4 family residential��������������������������������������� 3�27 4�11 4�75 1�99 2�45 2�77 2�07 1�80 2�54 4�34 

Commercial and industrial loans ������������������������������������� 0�96 4�61 0�68 1�68 1�01 0�95 1�38 0�93 1�62 0�69 

Loans to individuals���������������������������������������������������������� 2�61 3�11 2�48 2�30 2�53 1�90 1�91 1�63 2�65 2�23 

Credit card loans ������������������������������������������������������� 2�88 2�98 2�80 2�02 2�63 3�24 1�67 1�83 1�81 2�85 

Other loans to individuals ����������������������������������������� 2�43 4�07 2�33 2�32 2�51 1�46 1�98 1�60 2�66 2�12 

All other loans and leases (including farm) ��������������������� 0�64 0�20 0�47 0�98 0�80 0�16 0�26 0�63 1�14 0�60 

Total loans and leases������������������������������������������������������ 

Percent of loans Noncurrent** 

2�01 3�11 2�25 1�37 1�68 2�61 1�75 1�35 2�03 2�17 

All real estate loans ���������������������������������������������������������� 3�80 2�73 5�09 1�78 3�67 3�49 2�15 1�08 1�57 3�82 

Construction and development��������������������������������� 8�55 0�00 4�59 7�05 8�77 13�90 3�25 3�59 3�71 6�93 

Nonfarm nonresidential��������������������������������������������� 1�61 0�00 0�82 2�07 1�65 1�80 0�45 0�92 1�65 1�44 

Multifamily residential real estate ����������������������������� 1�74 0�00 1�11 1�65 1�99 1�70 0�21 2�33 2�17 1�33 

Home equity loans����������������������������������������������������� 1�61 2�92 1�64 0�57 1�08 1�09 0�80 0�65 0�44 2�82 

Other 1-4 family residential��������������������������������������� 4�64 1�25 7�93 1�25 4�14 3�52 3�18 0�85 1�42 4�62 

Commercial and industrial loans ������������������������������������� 1�69 3�74 3�21 1�84 1�35 1�10 0�40 1�49 1�91 1�03 

Loans to individuals���������������������������������������������������������� 1�77 2�82 2�12 0�82 1�13 1�31 1�00 0�52 0�76 0�84 

Credit card loans ������������������������������������������������������� 2�73 2�74 3�01 2�28 2�54 3�75 1�57 1�10 0�82 2�68 

Other loans to individuals ����������������������������������������� 1�11 3�45 1�69 0�74 0�88 0�50 0�82 0�46 0�76 0�53 

All other loans and leases (including farm) ��������������������� 1�27 0�08 2�34 0�48 0�99 0�41 0�08 1�00 0�64 0�67 

Total loans and leases������������������������������������������������������ 

Percent of loans Charged-off (net, YTD) 

2�93 2�78 3�83 1�43 2�84 3�37 1�48 1�03 1�43 2�47 

All real estate loans ���������������������������������������������������������� 0�99 3�53 1�62 0�31 1�00 0�82 1�10 0�18 0�19 0�79 

Construction and development��������������������������������� 2�63 0�00 1�01 1�82 2�73 5�58 0�12 0�48 0�54 1�58 

Nonfarm nonresidential��������������������������������������������� 0�25 0�00 0�04 0�30 0�27 0�22 0�03 0�09 0�15 0�13 

Multifamily residential real estate ����������������������������� 0�40 0�00 0�07 0�47 0�51 0�30 0�03 0�03 0�11 0�16 

Home equity loans����������������������������������������������������� 1�58 3�78 1�74 0�21 1�29 2�14 1�59 0�08 0�31 1�81 

Other 1-4 family residential��������������������������������������� 0�81 1�55 2�09 0�17 0�61 0�56 1�00 0�20 0�17 0�57 

Commercial and industrial loans ������������������������������������� 1�01 8�43 0�60 1�01 1�08 0�49 3�39 0�11 0�60 0�48 

Loans to individuals���������������������������������������������������������� 3�40 6�07 3�23 0�84 2�44 2�23 2�27 0�64 0�90 1�40 

Credit card loans ������������������������������������������������������� 5�44 5�79 4�29 4�95 5�64 6�97 3�89 2�88 2�17 5�22 

Other loans to individuals ����������������������������������������� 2�13 7�99 2�74 0�57 1�88 0�87 1�75 0�42 0�88 0�77 

All other loans and leases (including farm) ��������������������� 0�46 0�01 0�29 0�00 0�78 0�42 1�03 1�10 0�49 0�35 

Total loans and leases������������������������������������������������������ 

loans Outstanding (in billions) 

1�28 5�94 1�43 0�41 1�12 0�85 1�74 0�33 0�35 0�74 

All real estate loans ���������������������������������������������������������� $4,704�1 $1�8 $624�1 $64�1 $2,522�0 $631�0 $44�4 $4�6 $37�4 $774�6 

Construction and development��������������������������������� 590�2 0�0 13�8 5�4 480�8 17�1 0�7 0�3 2�7 69�4 

Nonfarm nonresidential��������������������������������������������� 1,068�2 0�0 34�5 17�9 847�3 27�2 3�6 1�4 9�1 127�1 

Multifamily residential real estate ����������������������������� 205�5 0�0 40�6 1�3 132�7 11�9 0�4 0�1 0�6 17�9 

Home equity loans����������������������������������������������������� 667�5 1�6 143�8 1�3 293�9 51�4 14�5 0�1 1�3 159�5 

Other 1-4 family residential��������������������������������������� 2,044�8 0�1 343�7 16�8 720�9 522�5 25�1 2�4 20�9 392�4 

Commercial and industrial loans ������������������������������������� 1,496�3 34�0 288�3 15�4 781�0 14�2 4�4 1�2 5�5 352�3 

Loans to individuals���������������������������������������������������������� 1,088�8 332�2 199�3 6�4 307�0 17�2 46�3 1�5 6�6 172�3 

Credit card loans ������������������������������������������������������� 444�7 292�5 65�1 0�4 46�3 4�3 11�0 0�1 0�1 24�9 

Other loans to individuals ����������������������������������������� 644�1 39�7 134�2 6�1 260�7 12�9 35�3 1�3 6�5 147�4 

All other loans and leases (including farm) ��������������������� 591�2 17�5 180�0 26�2 216�6 3�0 2�2 0�6 4�2 140�9 

Total loans and leases������������������������������������������������������ 

Memo: Other real Estate Owned (in millions) 

7,880�4 385�5 1,291�6 112�1 3,826�6 665�4 97�4 7�9 53�7 1,440�1 

All other real estate owned����������������������������������������������� 26,618�4 -32�7 3,078�2 377�8 17,205�4 2,784�4 156�7 28�8 232�0 2,787�8 

Construction and development��������������������������������� 8,738�1 0�0 13�0 154�4 7,680�1 559�5 3�1 6�0 45�2 276�7 

Nonfarm nonresidential��������������������������������������������� 3,371�5 0�2 92�0 103�0 2,275�3 63�8 3�9 8�5 60�3 764�5 

Multifamily residential real estate ����������������������������� 1,202�4 0�0 20�0 16�5 928�3 62�5 0�0 0�1 23�3 151�8 

1-4 family residential ������������������������������������������������� 11,479�8 2�0 2,343�2 77�0 5,150�2 2,050�7 149�7 12�9 99�4 1,594�7 

Farmland�������������������������������������������������������������������� 103�2 0�0 0�0 26�5 68�9 2�6 0�0 1�3 3�9 0�0 

GNMA properties������������������������������������������������������� 1,632�1 0�0 464�0 0�4 1,099�2 68�4 0�0 0�0 0�0 0�1 

* 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 10 2009, Volume 3, No. 1 
Quarterly Banking Profile 

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

December 31, 2008 All Insured 

Institutions 

Asset Size Distribution Geographic regions* 

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�37 1�86 1�66 1�61 2�74 1�49 2�87 2�55 1�53 1�78 2�87 

Construction and development������������������������ 2�92 2�43 2�63 2�78 3�14 2�44 2�77 3�53 2�63 2�16 3�90 

Nonfarm nonresidential������������������������������������ 1�08 1�40 1�23 0�99 1�03 1�17 1�14 1�25 0�79 0�85 0�96 

Multifamily residential real estate �������������������� 1�18 1�56 1�32 1�16 1�14 0�90 1�51 1�42 1�11 0�65 0�99 

Home equity loans�������������������������������������������� 1�78 0�94 0�98 0�93 1�91 0�73 2�34 1�87 1�28 0�88 1�63 

Other 1-4 family residential������������������������������ 3�27 2�40 1�87 1�84 3�74 1�66 4�04 3�48 2�10 2�95 4�06 

Commercial and industrial loans ���������������������������� 0�96 1�76 1�40 0�97 0�90 1�39 0�75 1�09 1�17 0�74 0�79 

Loans to individuals������������������������������������������������� 2�61 2�78 2�22 2�35 2�65 3�02 2�73 2�22 3�18 1�76 2�19 

Credit card loans ���������������������������������������������� 2�88 2�40 2�69 2�89 2�88 3�06 2�87 2�56 3�13 1�46 2�64 

Other loans to individuals �������������������������������� 2�43 2�78 2�18 2�09 2�48 2�92 2�70 2�10 3�22 1�83 1�87 

All other loans and leases (including farm) ������������ 0�64 0�80 0�77 0�89 0�61 0�52 0�55 0�87 0�60 0�99 0�48 

Total loans and leases��������������������������������������������� 

Percent of loans Noncurrent** 

2�01 1�81 1�62 1�54 2�16 1�75 2�28 2�06 1�61 1�53 2�15 

All real estate loans ������������������������������������������������� 3�80 2�25 2�67 3�49 4�18 2�19 4�07 4�59 4�37 2�91 4�11 

Construction and development������������������������ 8�55 6�67 7�73 9�60 8�45 8�03 8�01 10�14 7�43 5�54 12�21 

Nonfarm nonresidential������������������������������������ 1�61 2�15 1�65 1�55 1�59 1�96 1�47 2�12 1�49 1�14 1�15 

Multifamily residential real estate �������������������� 1�74 2�32 2�01 2�77 1�30 0�91 2�52 2�33 1�40 3�06 1�01 

Home equity loans�������������������������������������������� 1�61 0�88 0�79 0�94 1�73 0�66 2�40 1�55 1�35 0�48 0�82 

Other 1-4 family residential������������������������������ 4�64 1�59 1�63 2�59 5�51 1�78 4�79 6�26 8�74 3�52 4�89 

Commercial and industrial loans ���������������������������� 1�69 2�09 1�51 1�42 1�74 1�70 1�06 1�28 1�42 1�09 3�49 

Loans to individuals������������������������������������������������� 1�77 0�98 0�77 1�14 1�88 2�41 1�18 1�25 2�00 0�68 2�04 

Credit card loans ���������������������������������������������� 2�73 1�54 1�81 2�33 2�77 2�87 2�62 2�33 2�69 1�36 2�85 

Other loans to individuals �������������������������������� 1�11 0�97 0�69 0�57 1�20 1�53 0�79 0�88 1�37 0�50 1�48 

All other loans and leases (including farm) ������������ 1�27 0�56 0�57 0�54 1�39 0�76 0�49 1�25 0�39 0�64 3�57 

Total loans and leases��������������������������������������������� 

Percent of loans Charged-off (net, YTD) 

2�93 1�96 2�34 2�88 3�06 2�09 2�94 3�24 2�99 2�26 3�59 

All real estate loans ������������������������������������������������� 0�99 0�32 0�53 0�91 1�14 0�37 0�99 1�36 0�99 0�58 1�39 

Construction and development������������������������ 2�63 1�15 1�77 2�80 2�97 1�40 2�24 4�25 1�96 1�53 3�93 

Nonfarm nonresidential������������������������������������ 0�25 0�26 0�20 0�22 0�28 0�27 0�20 0�48 0�18 0�16 0�10 

Multifamily residential real estate �������������������� 0�40 0�39 0�34 0�62 0�33 0�15 0�58 0�76 0�15 0�40 0�23 

Home equity loans�������������������������������������������� 1�58 0�41 0�42 0�67 1�74 0�61 1�92 1�08 2�15 0�78 2�34 

Other 1-4 family residential������������������������������ 0�81 0�19 0�27 0�52 0�94 0�25 0�66 1�19 0�67 0�27 1�46 

Commercial and industrial loans ���������������������������� 1�01 1�00 0�94 0�94 1�03 1�80 0�62 0�74 1�67 0�71 1�19 

Loans to individuals������������������������������������������������� 3�40 0�87 1�47 2�80 3�56 4�67 2�23 2�14 4�41 1�46 3�84 

Credit card loans ���������������������������������������������� 5�44 2�79 7�73 5�46 5�42 5�54 5�84 4�52 6�44 3�30 5�25 

Other loans to individuals �������������������������������� 2�13 0�84 1�00 1�53 2�30 3�29 1�35 1�30 2�72 1�01 2�97 

All other loans and leases (including farm) ������������ 0�46 0�00 0�44 0�67 0�45 0�25 0�43 0�42 0�63 0�48 0�59 

Total loans and leases��������������������������������������������� 

loans Outstanding (in billions) 

1�28 0�45 0�63 1�05 1�44 1�43 1�00 1�22 1�59 0�68 1�71 

All real estate loans ������������������������������������������������� $4,704�1 $75�1 $749�5 $758�7 $3,120�8 $817�2 $1,383�9 $1,014�2 $382�3 $347�9 $758�6 

Construction and development������������������������ 590�2 8�8 133�4 150�2 297�8 65�2 202�4 109�0 50�9 84�9 77�8 

Nonfarm nonresidential������������������������������������ 1,068�2 22�6 264�8 265�9 515�0 202�1 285�8 205�0 104�8 117�4 153�2 

Multifamily residential real estate �������������������� 205�5 1�9 30�6 45�7 127�3 53�2 36�0 60�3 11�0 8�5 36�5 

Home equity loans�������������������������������������������� 667�5 2�7 38�6 50�8 575�4 67�9 227�1 200�1 81�0 24�7 66�7 

Other 1-4 family residential������������������������������ 2,044�8 30�4 251�3 231�4 1,531�7 424�0 612�8 422�1 113�8 101�2 371�0 

Commercial and industrial loans ���������������������������� 1,496�3 15�4 126�6 161�6 1,192�8 188�7 423�4 348�9 144�2 107�2 283�8 

Loans to individuals������������������������������������������������� 1,088�8 7�9 46�7 80�8 953�4 298�2 224�1 186�8 105�8 40�7 233�2 

Credit card loans ���������������������������������������������� 444�7 0�1 3�4 26�5 414�8 194�9 47�9 47�6 50�5 8�3 95�4 

Other loans to individuals �������������������������������� 644�1 7�8 43�3 54�4 538�6 103�3 176�2 139�2 55�3 32�4 137�7 

All other loans and leases (including farm) ������������ 591�2 11�2 38�8 38�3 502�9 77�4 159�1 151�5 75�2 21�8 106�1 

Total loans and leases��������������������������������������������� 

Memo: Other real Estate Owned (in millions) 

7,880�4 109�6 961�6 1,039�4 5,769�9 1,381�5 2,190�6 1,701�5 707�6 517�7 1,381�6 

All other real estate owned�������������������������������������� 26,618�4 663�7 6,512�4 5,247�0 14,195�2 1,749�4 8,634�6 7,076�3 2,943�0 2,366�3 3,848�6 

Construction and development������������������������ 8,738�1 201�5 3,358�2 2,677�4 2,501�0 551�0 2,953�2 1,524�7 1,003�0 1,073�0 1,633�2 

Nonfarm nonresidential������������������������������������ 3,371�5 177�9 1,162�6 686�8 1,344�3 264�8 1,317�4 652�3 411�2 453�3 272�6 

Multifamily residential real estate �������������������� 1,202�4 17�2 231�5 567�3 386�4 73�7 273�9 601�1 75�8 70�9 107�0 

1-4 family residential ���������������������������������������� 11,479�8 249�0 1,692�6 1,293�3 8,244�9 821�8 4,042�3 3,496�4 772�2 689�8 1,657�4 

Farmland����������������������������������������������������������� 103�2 15�6 66�5 12�5 8�5 10�2 9�3 14�9 13�0 53�4 2�3 

GNMA properties���������������������������������������������� 1,632�1 2�7 2�2 16�5 1,610�8 17�2 62�0 793�3 668�9 26�2 64�6 

* 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 11 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

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

(dollar figures in millions; 

notional amounts unless otherwise indicated) 

4th Quarter 

2008 

3rd Quarter 

2008 

2nd Quarter 

2008 

1st Quarter 

2008 

4th Quarter 

2007 

%Change 

07Q4­

08Q4 

Asset Size Distribution 

less 

Than $100 

Million 

$100 

Million to 

$1 Billion 

$1 Billion 

to $10 

Billion 

Greater Than 

$10 Billion 

All DErIVATIVE HOlDErS 

Number of institutions reporting derivatives����������������� 1,099 1,069 1,067 1,101 1,045 5�2 82 663 273 81 

Total assets of institutions reporting derivatives ���������� $10,975,184 $10,723,373 $10,104,739 $10,196,770 $9,827,097 11�7 $5,873 $287,824 $860,593 $9,820,894 

Total deposits of institutions reporting derivatives������� 7,090,315 6,801,605 6,450,947 6,473,029 6,324,979 12�1 4,685 224,219 625,155 6,236,256 

Total derivatives������������������������������������������������������������� 

Derivative Contracts by underlying risk Exposure 

201,096,104 177,103,500 183,304,204 181,600,749 166,118,444 21�1 246 20,583 77,241 200,998,033 

Interest rate�������������������������������������������������������������������� 164,419,801 137,205,564 144,933,736 141,879,384 129,490,988 27�0 233 20,175 70,947 164,328,445 

Foreign exchange*��������������������������������������������������������� 17,522,868 19,729,813 19,418,964 19,738,204 17,174,167 2�0 0 13 4,900 17,517,955 

Equity ����������������������������������������������������������������������������� 2,206,793 2,786,005 2,345,171 2,411,871 2,523,739 -12�6 13 125 1,025 2,205,630 

Commodity & other (excluding credit derivatives)�������� 1,049,941 1,233,751 1,137,524 1,129,869 1,066,704 -1�6 0 96 212 1,049,633 

Credit������������������������������������������������������������������������������ 15,896,702 16,148,367 15,468,809 16,441,421 15,862,846 0�2 0 174 157 15,896,371 

Total�������������������������������������������������������������������������������� 

Derivative Contracts by Transaction Type 

201,096,104 177,103,500 183,304,204 181,600,749 166,118,444 21�1 246 20,583 77,241 200,998,033 

Swaps ���������������������������������������������������������������������������� 131,717,004 108,289,314 114,178,361 112,564,895 103,102,442 27�8 18 10,600 53,189 131,653,197 

Futures & forwards �������������������������������������������������������� 22,513,737 24,483,791 23,582,776 22,361,907 18,866,619 19�3 114 3,406 10,446 22,499,771 

Purchased options��������������������������������������������������������� 14,781,875 13,485,926 14,501,600 14,286,015 13,771,509 7�3 15 1,863 5,088 14,774,909 

Written options��������������������������������������������������������������� 15,487,881 13,450,146 14,415,325 14,705,772 13,955,063 11�0 100 4,533 8,194 15,475,055 

Total�������������������������������������������������������������������������������� 

Fair Value of Derivative Contracts 

184,500,497 159,709,178 166,678,062 163,918,589 149,695,634 23�3 246 20,402 76,917 184,402,932 

Interest rate contracts���������������������������������������������������� 131,168 27,299 75,946 62,578 20,075 553�4 1 -43 211 130,999 

Foreign exchange contracts������������������������������������������ -16,942 15,054 32,017 9,670 7,980 N/M 0 0 -2 -16,939 

Equity contracts������������������������������������������������������������� 2,871 3,742 -3,742 -2,306 9,460 -69�7 0 1 23 2,847 

Commodity & other (excluding credit derivatives)�������� 3,850 3,175 5,063 3,346 1,785 115�7 0 3 1 3,846 

Credit derivatives as guarantor������������������������������������� -959,872 -566,035 -398,893 -474,045 -212,447 N/M 0 0 -37 -959,834 

Credit derivatives as beneficiary����������������������������������� 

Derivative Contracts by Maturity** 

1,030,278 603,936 428,844 501,034 222,426 363�2 0 -2 -3 1,030,283 

Interest rate contracts ������������������������������ < 1 year 47,150,754 40,399,816 44,995,182 42,621,767 39,085,340 20�6 93 3,706 15,056 47,131,899 

������������������������������������������� 1-5 years 47,296,539 37,760,943 39,521,416 39,752,501 37,222,363 27�1 18 8,007 23,936 47,264,578 

������������������������������������������� > 5 years 36,782,401 28,785,014 29,704,389 30,105,752 27,724,625 32�7 6 3,589 20,179 36,758,627 

Foreign exchange contracts �������������������� < 1 year 10,867,614 12,664,219 12,345,486 12,524,601 11,591,807 -6�2 0 2 3,941 10,863,672 

������������������������������������������� 1-5 years 2,171,061 1,787,926 1,929,554 1,924,840 1,604,898 35�3 0 4 10 2,171,048 

������������������������������������������� > 5 years 1,086,245 676,656 734,305 714,707 618,960 75�5 0 0 10 1,086,236 

Equity contracts���������������������������������������� < 1 year 408,948 508,748 504,258 509,709 473,413 -13�6 2 34 104 408,808 

������������������������������������������� 1-5 years 256,093 332,908 207,513 287,805 297,459 -13�9 4 43 453 255,592 

������������������������������������������� > 5 years 72,337 81,967 76,283 39,960 70,485 2�6 0 0 9 72,328 

Commodity & other contracts ������������������ < 1 year 264,916 294,036 315,202 369,747 284,837 -7�0 0 0 153 264,763 

������������������������������������������� 1-5 years 261,768 288,860 267,344 277,956 333,631 -21�5 0 58 4 261,706 

������������������������������������������� > 5 years 

risk-Based Capital: Credit Equivalent Amount 

45,021 88,822 28,367 33,492 28,282 59�2 0 0 0 45,021 

Total current exposure to tier 1 capital (%) ������������������� 107�3 60�3 57�8 67�1 45�4 0�2 0�8 3�0 123�1 

Total potential future exposure to tier 1 capital (%) ������ 

Total exposure (credit equivalent amount) 

103�8 122�3 118�5 122�7 110�1 0�1 0�4 0�6 119�4 

to tier 1 capital (%)�������������������������������������������������� 211�0 182�5 176�3 189�8 155�5 0�3 1�3 3�6 242�5 

Credit losses on derivatives***���������������������������������� 

HElD FOr TrADING 

1,072�0 227�0 135�0 15�0 156�0 587�2 0�0 1�0 0�0 1,071�0 

Number of institutions reporting derivatives����������������� 178 185 181 170 166 7�2 8 56 60 54 

Total assets of institutions reporting derivatives ���������� 9,412,420 9,234,600 8,596,577 8,622,316 8,306,873 13�3 550 25,384 278,395 9,108,092 

Total deposits of institutions reporting derivatives������� 

Derivative Contracts by underlying risk Exposure 

6,083,847 5,855,552 5,501,875 5,465,449 5,354,982 13�6 415 19,675 200,263 5,863,494 

Interest rate�������������������������������������������������������������������� 161,899,144 134,667,870 142,264,746 139,169,309 127,128,959 27�4 12 1,163 28,115 161,869,854 

Foreign exchange���������������������������������������������������������� 16,747,849 18,396,293 18,166,799 18,413,342 16,483,116 1�6 0 0 4,418 16,743,431 

Equity ����������������������������������������������������������������������������� 2,195,068 2,773,712 2,333,980 2,403,326 2,516,501 -12�8 0 0 272 2,194,796 

Commodity & other�������������������������������������������������������� 1,047,507 1,230,649 1,134,781 1,128,387 1,065,818 -1�7 0 0 85 1,047,421 

Total�������������������������������������������������������������������������������� 

Trading revenues: Cash & Derivative Instruments 

181,889,568 157,068,525 163,900,306 161,114,364 147,194,394 23�6 12 1,164 32,890 181,855,502 

Interest rate�������������������������������������������������������������������� -3,424 950 1,503 1,724 -2,531 N/M 0 0 80 -3,503 

Foreign exchange���������������������������������������������������������� 4,093 3,090 2,096 2,084 1,880 117�7 0 0 20 4,073 

Equity ����������������������������������������������������������������������������� -1,230 -923 185 -18 217 N/M 0 0 0 -1,230 

Commodity & other (including credit derivatives) �������� -8,618 3,305 -1,944 -2,791 -10,145 N/M 0 0 -1 -8,618 

Total trading revenues��������������������������������������������������� 

Share of revenue 

-9,180 6,422 1,839 998 -10,579 N/M 0 0 98 -9,278 

Trading revenues to gross revenues (%) ���������������������� -8�1 4�6 1�3 0�7 -7�7 0�0 0�0 2�7 -8�5 

Trading revenues to net operating revenues (%)���������� 

HElD FOr PurPOSES OTHEr THAN TrADING 

46�6 66�9 24�8 9�7 -278�0 0�0 -0�4 -8�9 50�0 

Number of institutions reporting derivatives����������������� 997 970 975 1,013 965 3�3 74 609 240 74 

Total assets of institutions reporting derivatives ���������� 10,465,728 10,396,653 9,806,939 9,914,653 9,660,649 8�3 5,322 264,086 745,038 9,451,281 

Total deposits of institutions reporting derivatives������� 

Derivative Contracts by underlying risk 

Exposure 

6,820,086 6,589,374 6,256,368 6,288,937 6,210,106 9�8 4,270 205,866 541,052 6,068,897 

Interest rate�������������������������������������������������������������������� 2,520,657 2,537,694 2,668,989 2,710,074 2,362,029 6�7 221 19,012 42,833 2,458,591 

Foreign exchange���������������������������������������������������������� 76,113 87,565 94,832 84,124 131,087 -41�9 0 5 314 75,794 

Equity ����������������������������������������������������������������������������� 11,725 12,293 11,191 8,545 7,238 62�0 13 124 753 10,834 

Commodity & other�������������������������������������������������������� 2,434 3,101 2,743 1,482 886 174�7 0 96 126 2,211 

Total notional amount ���������������������������������������������������� 2,610,929 2,640,653 2,777,756 2,804,225 2,501,240 4�4 234 19,238 44,027 2,547,429 

All line items are reported on a quarterly basis� N/M - Not Meaningful 

*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 contracts� 

** 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 12 2009, Volume 3, No. 1 
 

 

Quarterly Banking Profile 

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

Savings Banks) 

(dollar figures in millions) 

4th 

Quarter 

2008 

3rd 

Quarter 

2008 

2nd 

Quarter 

2008 

1st 

Quarter 

2008 

4th 

Quarter 

2007 

%Change 

07Q4-08Q4 

Asset Size Distribution 

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 Enhancements 

Number of institutions reporting securitization activities ����������������������������������������� 

Outstanding Principal Balance by Asset Type 

131 128 130 132 126 4�0 15 55 21 40 

1-4 family residential loans�������������������������������������������������������������������������������� $1,256,021 $1,217,682 $1,087,215 $1,068,631 $1,056,344 18�9 $89 $308 $1,763 $1,253,861 

Home equity loans��������������������������������������������������������������������������������������������� 6,692 6,880 7,822 8,341 9,353 -28�5 0 0 50 6,642 

Credit card receivables�������������������������������������������������������������������������������������� 398,261 417,832 409,883 402,171 390,035 2�1 0 3,466 12,133 382,663 

Auto loans ���������������������������������������������������������������������������������������������������������� 12,040 13,842 6,224 7,495 8,285 45�3 0 0 110 11,930 

Other consumer loans ��������������������������������������������������������������������������������������� 27,427 28,090 28,870 27,787 28,542 -3�9 0 0 0 27,427 

Commercial and industrial loans����������������������������������������������������������������������� 9,705 11,080 12,491 12,555 14,469 -32�9 0 4 4,539 5,162 

All other loans, leases, and other assets* �������������������������������������������������������� 200,737 211,398 194,756 194,061 190,974 5�1 42 45 163 200,487 

Total securitized and sold������������������������������������������������������������������������������������������ 

Maximum Credit Exposure by Asset Type 

1,910,884 1,906,803 1,747,262 1,721,042 1,698,002 12�5 131 3,822 18,759 1,888,172 

1-4 family residential loans�������������������������������������������������������������������������������� 6,898 7,514 7,121 7,019 6,912 -0�2 3 65 0 6,830 

Home equity loans��������������������������������������������������������������������������������������������� 1,247 1,347 1,527 1,752 2,000 -37�7 0 0 0 1,247 

Credit card receivables�������������������������������������������������������������������������������������� 23,228 24,039 23,129 21,412 19,629 18�3 0 430 1,401 21,397 

Auto loans ���������������������������������������������������������������������������������������������������������� 707 447 352 405 380 86�1 0 0 9 698 

Other consumer loans ��������������������������������������������������������������������������������������� 1,537 1,428 1,417 1,406 1,379 11�5 0 0 0 1,537 

Commercial and industrial loans����������������������������������������������������������������������� 137 170 311 276 603 -77�3 1 27 38 71 

All other loans, leases, and other assets���������������������������������������������������������� 725 954 1,128 2,297 2,847 -74�5 13 253 9 451 

Total credit exposure ������������������������������������������������������������������������������������������������� 34,479 35,900 34,984 34,568 33,749 2�2 17 775 1,457 32,230 

Total unused liquidity commitments provided to institution's own securitizations ���� 

Securitized loans, leases, and Other Assets 30-89 Days Past Due (%) 

830 1,273 1,902 2,944 4,686 -82�3 0 0 0 830 

1-4 family residential loans�������������������������������������������������������������������������������� 4�4 3�8 2�8 2�5 2�8 1�2 0�0 1�8 4�4 

Home equity loans��������������������������������������������������������������������������������������������� 1�4 1�3 0�6 0�7 0�8 0�0 0�0 8�1 1�4 

Credit card receivables�������������������������������������������������������������������������������������� 2�9 2�5 2�1 2�2 2�2 0�0 1�7 1�9 3�0 

Auto loans ���������������������������������������������������������������������������������������������������������� 2�5 2�1 2�2 1�9 2�4 0�0 0�0 1�0 2�5 

Other consumer loans ��������������������������������������������������������������������������������������� 3�9 3�2 2�7 2�5 3�1 0�0 0�0 0�0 3�9 

Commercial and industrial loans����������������������������������������������������������������������� 2�6 1�6 1�3 1�2 1�0 0�0 2�5 5�2 0�2 

All other loans, leases, and other assets���������������������������������������������������������� 0�6 0�2 0�3 0�1 0�1 0�0 0�0 0�0 0�6 

Total loans, leases, and other assets ����������������������������������������������������������������������� 

Securitized loans, leases, and Other Assets 90 Days or More Past Due (%) 

3�7 3�0 2�3 2�2 2�4 0�8 1�6 2�7 3�7 

1-4 family residential loans�������������������������������������������������������������������������������� 4�5 3�2 1�9 1�9 1�6 1�6 0�0 0�8 4�5 

Home equity loans��������������������������������������������������������������������������������������������� 1�2 0�7 0�7 0�7 0�5 0�0 0�0 4�2 1�2 

Credit card receivables�������������������������������������������������������������������������������������� 2�5 2�1 2�1 2�1 1�9 0�0 1�4 1�6 2�6 

Auto loans ���������������������������������������������������������������������������������������������������������� 0�3 0�2 0�3 0�3 0�4 0�0 0�0 0�3 0�3 

Other consumer loans ��������������������������������������������������������������������������������������� 3�7 2�9 2�4 2�3 2�4 0�0 0�0 0�0 3�7 

Commercial and industrial loans����������������������������������������������������������������������� 2�1 1�5 1�3 1�1 0�9 0�0 0�0 4�2 0�3 

All other loans, leases, and other assets���������������������������������������������������������� 0�4 0�2 0�2 0�2 0�1 0�0 0�0 0�0 0�4 

Total loans, leases, and other assets ����������������������������������������������������������������������� 

Securitized loans, leases, and Other Assets Charged-Off 

(net, YTD, annualized, %) 

3�6 2�6 1�8 1�8 1�5 1�1 1�2 2�2 3�6 

1-4 family residential loans�������������������������������������������������������������������������������� 0�3 0�3 0�1 0�0 0�1 0�0 0�0 0�2 0�3 

Home equity loans��������������������������������������������������������������������������������������������� 0�1 0�4 0�2 0�1 0�2 0�0 0�0 6�3 0�1 

Credit card receivables�������������������������������������������������������������������������������������� 6�4 4�4 2�8 1�4 4�4 0�0 4�0 4�1 6�5 

Auto loans ���������������������������������������������������������������������������������������������������������� 0�8 1�3 0�9 0�4 1�3 0�0 0�0 0�6 0�8 

Other consumer loans ��������������������������������������������������������������������������������������� 0�8 0�6 0�4 0�2 1�3 0�0 0�0 0�0 0�8 

Commercial and industrial loans����������������������������������������������������������������������� 5�9 3�6 1�9 0�8 2�0 0�0 0�0 12�1 0�4 

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

Total loans, leases, and other assets ����������������������������������������������������������������������� 

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

1�6 1�2 0�7 0�4 1�1 0�0 3�6 5�6 1�5 

Home equity loans��������������������������������������������������������������������������������������������� 124 166 435 282 347 -64�3 0 0 0 124 

Credit card receivables�������������������������������������������������������������������������������������� 113,017 98,826 82,604 73,418 86,748 30�3 0 258 4,457 108,302 

Commercial and industrial loans����������������������������������������������������������������������� 

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

436 636 3,506 3,263 7,671 -94�3 0 0 386 50 

Home equity loans 5 6 7 9 9 -44�4 0 0 0 5 

Credit card receivables�������������������������������������������������������������������������������������� 584 623 403 377 436 33�9 0 8 576 0 

Commercial and industrial loans����������������������������������������������������������������������� 

Assets Sold with recourse and Not Securitized 

16 15 1 1 2 700�0 0 0 0 16 

Number of institutions reporting asset sales ���������������������������������������������������� 

Outstanding Principal Balance by Asset Type 

790 786 776 760 760 3�9 156 478 109 47 

1-4 family residential loans�������������������������������������������������������������������������������� 66,417 68,709 65,959 60,386 57,612 15�3 1,060 8,374 3,423 53,560 

Home equity, credit card receivables, auto, and other consumer loans ��������� 1,477 1,611 1,786 1,886 637 131�9 0 30 67 1,379 

Commercial and industrial loans����������������������������������������������������������������������� 6,698 7,314 4,794 4,579 4,728 41�7 0 69 0 6,629 

All other loans, leases, and other assets���������������������������������������������������������� 42,613 41,501 33,191 29,134 26,983 57�9 1 71 431 42,110 

Total sold and not securitized������������������������������������������������������������������������������������ 

Maximum Credit Exposure by Asset Type 

117,205 119,135 105,730 95,985 89,960 30�3 1,062 8,544 3,921 103,678 

1-4 family residential loans�������������������������������������������������������������������������������� 15,433 15,735 14,678 14,070 14,780 4�4 104 1,391 1,830 12,109 

Home equity, credit card receivables, auto, and other consumer loans ��������� 189 203 240 165 604 -68�7 0 12 64 113 

Commercial and industrial loans����������������������������������������������������������������������� 5,617 6,180 3,614 3,335 3,393 65�5 0 50 0 5,567 

All other loans, leases, and other assets���������������������������������������������������������� 9,290 11,517 8,541 8,112 7,854 18�3 1 13 72 9,203 

Total credit exposure ������������������������������������������������������������������������������������������������� 

Support for Securitization Facilities Sponsored by Other Institutions 

30,529 33,634 27,072 25,682 26,631 14�6 105 1,466 1,966 26,992 

Number of institutions reporting securitization facilities sponsored by others ������� 53 50 48 49 49 8�2 21 22 5 5 

Total credit exposure ������������������������������������������������������������������������������������������������� 3,328 18,464 12,668 6,825 2,843 17�1 9 68 55 3,197 

Total unused liquidity commitments ������������������������������������������������������������������������� 

Other 

1,416 3,531 5,492 6,778 10,314 -86�3 0 0 0 1,416 

Assets serviced for others**�������������������������������������������������������������������������������������� 

Asset-backed commercial paper conduits 

5,615,245 5,528,963 3,921,915 3,813,285 3,798,682 47�8 3,916 66,526 81,838 5,462,966 

Credit exposure to conduits sponsored by institutions and others������������������ 23,064 20,830 21,083 22,332 22,226 3�8 2 0 399 22,663 

Unused liquidity commitments to conduits sponsored by institutions 

and others �������������������������������������������������������������������������������������������������� 297,908 311,683 339,007 354,525 380,709 -21�7 0 27 0 297,881 

Net servicing income (for the quarter) ���������������������������������������������������������������������� -339 4,110 7,280 3,532 2,718 -112�5 3 129 41 -512 

Net securitization income (for the quarter) ��������������������������������������������������������������� 2,391 3,119 4,205 5,541 5,008 -52�3 0 56 214 2,121 

Total credit exposure to Tier 1 capital (%)***������������������������������������������������������������ 6�8 9�0 7�4 6�6 6�4 0�60 1�80 2�60 8�70 

*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 13 2009, Volume 3, No. 1 
 

 

TABLE VIII-A. Trust Services (All FDIC-Insured Institutions) 

(dollar figures in millions) 

All Insured Institutions Asset Size Distribution 

Dec 31

 2008 

Dec 31 

2007 

Dec 31

 2006 

Dec 31

 2005 

% Change 

2007-2008 

less 

Than $100 

Million 

$100 

Million to 

$1 Billion 

$1 Billion 

to 

$10 Billion 

Greater 

Than 

$10 Billion 

Number of institutions reporting������������������������������������������������ 8,305 8,534 8,680 8,833 -2�7 3,131 4,499 561 114 

Number of institutions with fiduciary powers���������������������������� 2,323 2,410 2,463 2,515 -3�6 487 1,418 339 79 

Commercial banks�������������������������������������������������������������� 2,129 2,216 2,268 2,312 -3�9 466 1,316 279 68 

Savings institutions ������������������������������������������������������������ 194 194 195 203 0�0 21 102 60 11 

Number of institutions exercising fiduciary powers������������������ 1,723 1,785 1,826 1,866 -3�5 304 1,064 286 69 

Commercial banks�������������������������������������������������������������� 1,571 1,633 1,672 1,708 -3�8 286 989 237 59 

Savings institutions ������������������������������������������������������������ 152 152 154 158 0�0 18 75 49 10 

Number of institutions reporting fiduciary activity�������������������� 1,634 1,695 1,739 1,791 -3�6 280 1,012 276 66 

Commercial banks�������������������������������������������������������������� 1,488 1,552 1,593 1,642 -4�1 262 941 229 56 

Savings institutions ������������������������������������������������������������ 

Fiduciary and related assets - managed assets 

146 143 146 149 2�1 18 71 47 10 

Personal trust and agency accounts ���������������������������������������� 616,855 800,549 764,623 735,821 -22�9 7,162 62,568 68,077 479,048 

Noninterest-bearing deposits �������������������������������������������� 16 -53 -4 364 -130�2 60 76 42 -163 

Interest-bearing deposits ��������������������������������������������������� 11,906 11,547 9,369 8,012 3�1 204 2,963 1,809 6,929 

U�S� Treasury and U�S� Government agency obligations � 26,764 31,619 32,873 34,664 -15�4 390 3,243 3,947 19,184 

State, county and municipal obligations���������������������������� 65,303 67,131 70,909 73,332 -2�7 629 5,629 7,420 51,625 

Money market mutual funds����������������������������������������������� 56,918 51,248 38,134 33,640 11�1 734 4,349 6,507 45,328 

Other short-term obligations���������������������������������������������� 9,657 21,935 9,566 8,601 -56�0 36 202 290 9,129 

Other notes and bonds������������������������������������������������������� 23,343 25,489 26,896 27,268 -8�4 579 2,013 2,385 18,365 

Common and preferred stocks ������������������������������������������ 348,415 522,846 514,963 491,075 -33�4 3,665 27,808 37,653 279,289 

Real estate mortgages������������������������������������������������������� 1,565 1,530 1,604 1,476 2�3 24 240 264 1,037 

Real estate�������������������������������������������������������������������������� 36,027 33,930 31,915 29,721 6�2 627 4,237 4,208 26,955 

Miscellaneous assets��������������������������������������������������������� 

Retirement related trust and agency accounts: 

37,111 33,304 27,941 27,520 11�4 402 11,788 3,551 21,370 

Employee benefit - defined contribution���������������������������� 284,219 328,909 307,194 226,768 -13�6 59,279 50,541 9,032 165,367 

Employee benefit - defined benefit������������������������������������ 697,874 1,060,288 1,153,825 1,067,293 -34�2 5,786 46,504 15,353 630,232 

Other retirement accounts ������������������������������������������������� 330,459 414,725 309,451 249,466 -20�3 5,676 11,034 11,623 302,125 

Corporate trust and agency accounts��������������������������������������� 26,504 25,273 31,457 42,634 4�9 22 806 3,740 21,936 

Investment management agency accounts������������������������������ 1,228,862 1,592,394 1,505,171 1,311,707 -22�8 25,316 108,313 92,950 1,002,283 

Other fiduciary accounts ����������������������������������������������������������� 

Total managed fiduciary accounts: 

153,059 235,544 320,331 266,515 -35�0 285 2,131 4,277 146,365 

Assets ��������������������������������������������������������������������������������� 3,337,833 4,457,682 4,392,051 3,900,205 -25�1 103,526 281,898 205,052 2,747,356 

Number of accounts ����������������������������������������������������������� 

Fiduciary and related assets - non-managed assets 

1,454,562 1,528,303 2,998,641 2,915,478 -4�8 84,655 206,226 244,380 919,301 

Personal trust and agency accounts ���������������������������������������� 

Retirement related trust and agency accounts: 

307,037 355,388 309,352 286,571 -13�6 2,396 16,672 13,892 274,077 

Employee benefit - defined contribution���������������������������� 1,481,594 1,822,860 1,779,446 1,525,676 -18�7 323,589 23,245 68,534 1,066,226 

Employee benefit - defined benefit ������������������������������������ 3,983,183 5,333,411 4,542,941 3,567,204 -25�3 11,194 26,043 51,808 3,894,138 

Other retirement accounts ������������������������������������������������� 1,686,296 2,098,451 2,121,766 2,108,630 -19�6 630,225 29,841 12,595 1,013,634 

Corporate trust and agency accounts��������������������������������������� 3,935,533 4,427,672 2,961,810 2,567,357 -11�1 4,756 12,282 583,309 3,335,185 

Other fiduciary accounts ����������������������������������������������������������� 

Total non-managed fiduciary accounts: 

2,596,701 3,366,857 3,170,657 2,580,461 -22�9 2,552 14,425 2,001 2,577,723 

Assets ��������������������������������������������������������������������������������� 13,990,344 17,404,640 14,885,973 12,635,898 -19�6 974,712 122,508 732,140 12,160,984 

Number of accounts ����������������������������������������������������������� 

Custody and safekeeping accounts: 

21,367,984 16,446,110 16,049,836 15,713,903 29�9 11,563,773 2,636,363 264,200 6,903,648 

Assets ��������������������������������������������������������������������������������� 50,497,846 58,167,533 48,360,083 36,798,211 -13�2 203,353 704,314 559,830 49,030,349 

Number of accounts ����������������������������������������������������������� 

Fiduciary and related services income 

10,675,799 11,327,738 11,207,747 11,513,998 -5�8 608,939 7,532,693 881,762 1,652,405 

Personal trust and agency accounts ���������������������������������������� 

Retirement related trust and agency accounts: 

4,896 5,766 5,147 5,244 -15�1 59 398 529 3,909 

Employee benefit - defined contribution���������������������������� 1,122 1,183 1,305 1,187 -5�2 163 195 130 634 

Employee benefit - defined benefit ������������������������������������ 1,999 1,803 1,949 1,789 10�9 40 198 52 1,708 

Other retirement accounts ������������������������������������������������� 1,005 1,037 871 756 -3�1 66 66 101 771 

Corporate trust and agency accounts��������������������������������������� 2,529 2,439 2,054 1,877 3�7 0 31 473 2,025 

Investment management agency accounts������������������������������ 4,451 4,160 3,683 3,562 7�0 138 573 483 3,257 

Other fiduciary accounts ����������������������������������������������������������� 2,133 2,156 1,440 1,350 -1�1 3 21 29 2,079 

Custody and safekeeping accounts������������������������������������������ 8,337 8,165 8,011 7,167 2�1 163 423 426 7,324 

Other fiduciary and related services income���������������������������� 3,272 2,424 1,855 1,577 35�0 7 174 63 3,028 

Total gross fiduciary and related services income������������������� 30,020 29,292 26,142 24,784 2�5 711 2,196 2,307 24,805 

Less: Expenses ������������������������������������������������������������������ 20,565 20,545 19,096 17,267 0�1 407 1,578 1,528 17,053 

Less: Net losses from fiduciary and related services ������� 956 364 152 190 162�6 0 17 9 930 

Plus: Intracompany income credits for fiduciary and 

related services����������������������������������������������������������� 3,497 4,553 2,897 1,302 -23�2 0 35 235 3,228 

Net fiduciary and related services income ������������������������������� 

Collective investment funds and common trust funds 

(market value) 

11,717 12,772 9,963 8,426 -8�3 234 519 983 9,980 

Domestic equity funds�������������������������������������������������������� 274,285 448,230 449,079 478,087 -38�8 8,813 2,953 5,014 257,505 

International/global equity funds ��������������������������������������� 101,311 206,551 171,114 129,572 -51�0 693 2,049 439 98,130 

Stock/bond blend funds ����������������������������������������������������� 122,423 215,849 217,734 77,526 -43�3 2,082 247 1,576 118,519 

Taxable bond funds������������������������������������������������������������ 160,206 214,159 185,398 248,050 -25�2 730 2,794 1,854 154,828 

Municipal bond funds ��������������������������������������������������������� 6,007 8,328 8,695 60,308 -27�9 26 450 370 5,161 

Short term investments/money market funds�������������������� 307,007 395,025 352,341 365,759 -22�3 3,002 120 637 303,248 

Specialty/other funds ��������������������������������������������������������� 94,428 121,628 96,902 102,112 -22�4 29,416 5,736 1,369 57,907 

Total collective investment funds���������������������������������������������� 1,065,665 1,609,768 1,481,262 1,461,414 -33�8 44,762 14,349 11,258 995,297 

FDIC Quarterly 14 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Banking Profile 

INSURANCE FUND INDICATORS 

■ The DIF Balance Declines by $16 Billion, and Insured Deposits Grow by 

4.6 Percent in the Fourth Quarter 

■ DIF Reserve Ratio Declines to 0.40 Percent 

■ Twenty-Five Insured Institutions Fail During the Year; Another Five Insured 

Institutions under the Same Holding Company Receive Assistance 

During the fourth quarter of 2008, total assets of the 

nation’s 8,305 FDIC-insured commercial banks and 

savings institutions increased by $274.2 billion (2.0 

percent). Total deposits increased by $307.9 billion, 

more than the increase in assets. Total domestic deposits grew by 3.8 percent, higher than any quarterly 

growth rate observed since the fourth quarter of 2000. 

Brokered deposits increased by 15.3 percent ($101.4 

billion), the largest quarterly percentage increase since 

the third quarter of 2000 when brokered deposits 

increased by 15.6 percent. Ten institutions accounted 

for more than two-thirds of this growth. Domestic time 

deposits increased by 1.8 percent, while other domestic 

interest-bearing deposits increased by 6.4 percent and 

domestic non-interest-bearing deposits increased by 

2.2 percent. 

For all of 2008, total domestic deposits increased by 

8.4 percent, with domestic interest-bearing deposits 

rising by 6.2 percent and domestic non-interest-bearing 

deposits increasing by 19.4 percent. Foreign office 

deposits increased by 2.4 percent ($36.7 billion), and 

Federal Home Loan Bank (FHLB) advances decreased 

by 2.6 percent ($21.4 billion). The share of assets 

funded by domestic deposits increased from 53.0 

percent to 54.1 percent. By contrast, foreign deposits as 

a percent of total assets declined during the year from 

11.5 percent to 11.1 percent, and the share of asset 

funding attributable to FHLB advances decreased from 

6.2 percent to 5.7 percent. 

Estimated insured deposits (including U.S. branches 

of foreign banks) increased by 4.6 percent during the 

fourth quarter of 2008, up from a 1.8 percent increase 

in the previous quarter. For all of 2008, insured deposits increased by 10.8 percent, up from a 3.3 percent 

increase in 2007. For institutions reporting as of 

December 31, 2008, and September 30, 2008, insured 

deposits increased during the fourth quarter at 5,332 

institutions (64 percent), decreased at 2,922 institutions (35 percent), and remained unchanged at 36 

institutions. 

The Deposit Insurance Fund (DIF) decreased by 

$15.7 billion during the fourth quarter to $18,889 

million (unaudited). Accrued assessment income added 

$996 million to the DIF during the fourth quarter. 

Interest earned, combined with realized and unrealized 

gains (losses) on securities added $1.13 billion to the 

insurance fund. Operating and other expenses, net of 

other revenue, reduced the fund by $275 million. The 

reduction in the DIF during the quarter was primarily 

due to $17.6 billion in loss provisions for actual and 

anticipated insured institution failures. For all of 2008, 

the DIF balance fell by $33.5 billion (64 percent), 

primarily because of $40.2 billion in loss provisions. 

The DIF’s reserve ratio equaled 0.40 percent on 

December 31, 2008, which was 36 basis points lower 

than the previous quarter. During 2008, the reserve 

ratio decreased by 82 basis points, from 1.22 percent at 

year-end 2007. The December figure is the lowest 

reserve ratio for a combined bank and thrift insurance 

fund since June 30, 1993, when the reserve ratio was 

0.28 percent. 

Twelve FDIC-insured institutions with combined assets 

of $24.4 billion failed during the fourth quarter of 2008, 

at an estimated cost to the DIF of $4.5 billion. For all of 

2008, 25 FDIC-insured institutions with assets of $372 

billion failed, the largest number of failures since 1993 

when 41 institutions with combined assets of $3.8 

billion failed (excluding thrifts resolved by the Resolution Trust Corporation). In 2008, five banks owned by 

Citigroup with assets of $1.3 trillion received assistance 

under a systemic risk determination. 

Author:	 Kevin Brown, Sr. Financial Analyst 

Division of Insurance and Research 

(202) 898-6817 

FDIC Quarterly	 15 2009, Volume 3, No. 1 
 

 

 

Table I-B. Insurance Fund Balances and Selected Indicators 

(dollar figures in millions) 

Deposit Insurance Fund 

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 ...................... 

Changes in Fund Balance: 

$34,588 $45,217 $52,843 $52,413 $51,754 $51,227 $50,745 $50,165 $49,992 $49,564 $49,193 

Assessments earned............................... 

Interest earned on investment 

996 881 640 448 239 170 140 94 10 10 7 

securities .......................................... 277 526 651 618 585 640 748 567 476 622 665 

Realized Gain on Sale of Investments.... 302 473 0 0 0 0 0 0 0 0 0 

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

Provision for insurance losses ................ 17,550 11,930 10,221 525 39 132 -3 -73 49 -50 -6 

All other income, net of expenses........... 15 16 1 0 -2 24 1 4 5 1 12 

Unrealized gain/(loss) on 

available-for-sale securities............. 551 -346 1,559 127 138 68 -162 81 -21 -18 -77 

Total fund balance change...................... -15,699 -10,629 -7,626 430 659 527 482 580 173 428 371 

Ending Fund Balance............................ 18,889 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......................................... -63�96 -33�17 -11�73 4�13 4�48 3�52 3�36 3�15 3�23 3�35 3�21 

reserve ratio (%) .................................. 0�40 0�76 1�01 1�19 1�22 1�22 1�21 1�20 1�21 1�22 1�23 

Estimated Insured Deposits**.............. 4,756,809 4,547,688 4,467,614 4,437,862 4,292,163 4,242,607 4,235,044 4,245,266 4,153,786 4,100,013 4,040,353 

Percent change from four quarters 

earlier......................................... 10�83 7�19 5�49 4�54 3�33 3�48 4�82 6�08 6�76 7�02 7�52 

Domestic Deposits................................ 7,505,360 7,230,331 7,036,247 7,076,719 6,921,686 6,747,998 6,698,886 6,702,598 6,640,105 6,484,372 6,446,868 

Percent change from four quarters 

earlier......................................... 8�43 7�15 5�04 5�58 4�24 4�07 3�91 5�71 6�59 6�76 8�68 

Number of institutions reporting ........ 8,315 8,393 8,462 8,505 8,545 8,570 8,625 8,661 8,692 8,755 8,790 

DIF Reserve Ratios*** 

Percent of Insured Deposits 

1.28 1.26 1.25 1.23 1.23 1.22 1.21 1.20 1.21 1.22 1.22 1.19 

1.01 

0.76 

0.40 

6/05 12/05 6/06 12/06 6/07 12/07 6/08 12/08 

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

Deposit Insurance Fund Balance 

and Insured Deposits*** 

($ Millions) 

DIFDIF Insured 

Balance Deposits 

6/05 48,023 3,757,728 

9/05 48,373 3,830,950 

12/05 48,597 3,890,941 

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 4,292,163 

3/08 52,843 4,437,862 

6/08 45,217 4,467,614 

9/08 34,588 4,547,688 

12/08 18,889 4,756,809 

(dollar figures in millions) 2008 2007 2006 2005 2004 2003 

Problem Institutions 

Number of institutions ������������������������������������������������������������������������ 252 76 50 52 80 116 

Total assets����������������������������������������������������������������������������������������� $159,405 $22,189 $8,265 $6,607 $28,250 $29,917 

Failed Institutions 

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

Total assets����������������������������������������������������������������������������������������� $371,945 $2,615 $0 $0 $170 $947 

Assisted Institutions**** 

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

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

* For 2008, preliminary unaudited fund data, which are subject to change� 

** The Emergency Economic Stabilization Act of 2008 directs the FDIC not to consider 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, which guides our assessment planning� If Congress were to decide to leave the $250,000 coverage level in place 

indefinitely, however, it would be necessary to account for the increase in insured deposits to determine the appropriate level of the fund� 

*** Prior to 2006, amounts represent sum of separate BIF and SAIF amounts� 

**** Five institutions under the same holding company received assistance under a systemic risk determination� 

FDIC Quarterly 16 2009, Volume 3, No. 1 
 

 

 

 

 

Quarterly Banking Profile 

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

(dollar figures in millions) 

December 31, 2008 

Number of 

Institutions 

Total 

Assets 

Domestic 

Deposits* 

Est. Insured 

Deposits 

Commercial Banks and Savings Institutions 

FDIC-Insured Commercial Banks ����������������������������������������������� 7,085 $12,312,914 $6,543,010 $3,990,084 

FDIC-Supervised ������������������������������������������������������������������� 4,688 1,980,201 1,450,755 1,041,039 

OCC-Supervised�������������������������������������������������������������������� 1,537 8,478,798 4,100,230 2,373,247 

Federal Reserve-Supervised������������������������������������������������� 860 1,853,915 992,024 575,799 

FDIC-Insured Savings Institutions ���������������������������������������������� 1,220 1,534,369 953,359 762,050 

OTS-Supervised Savings Institutions������������������������������������ 810 1,231,858 745,020 596,801 

FDIC-Supervised State Savings Banks��������������������������������� 410 302,512 208,339 165,250 

Total Commercial Banks and Savings Institutions ���������������������� 

Other FDIC-Insured Institutions 

8,305 13,847,284 7,496,369 4,752,135 

U�S� Branches of Foreign Banks ������������������������������������������������� 10 52,727 8,991 4,674 

Total FDIC-Insured Institutions���������������������������������������������������� �� 8,315 13,900,011 7,505,360 4,756,809 

* Excludes $1�54 trillion in foreign office deposits, which are uninsured� 

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

Quarter Ending September 30, 2008 

(dollar figures in billions) 

risk Category 

Annual 

rate in 

Basis Points 

Number of 

Institutions 

Percent 

of Total 

Institutions 

Domestic 

Deposits 

Percent 

of Total 

Domestic 

Deposits 

I - Minimum������������������������������������������������������������������������������ 5 1,799 21�4 2,959 40�9 

I - Middle ��������������������������������������������������������������������������������� 5�01- 6�00 2,357 28�1 2,009 27�8 

I - Middle ��������������������������������������������������������������������������������� 6�01- 6�99 1,589 18�9 699 9�7 

I - Maximum ���������������������������������������������������������������������������� 7 1,767 21�1 641 8�9 

II����������������������������������������������������������������������������������������������� 10 674 8�0 820 11�3 

III���������������������������������������������������������������������������������������������� 28 186 2�2 84 1�2 

IV ��������������������������������������������������������������������������������������������� 43 21 0�3 19 0�3 

Note: Institutions are categorized based on supervisory ratings, debt ratings and financial data as of September 30, 2008� 

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

FDIC Quarterly 17 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TEMPORARY LIQUIDITY GUARANTEE PROGRAM 

■ Non-Interest-Bearing Transaction Accounts Can Be Fully Guaranteed 

■ FDIC Debt Guarantees Improve Access to Liquidity 

■ The TLGP Is an Industry-Funded Program 

■ More Than 500,000 Additional Transaction Accounts Receive Full Coverage 

■ $224 Billion in Debt Outstanding in Program 

FDIC Responds to Market Disruptions with TLGP 

The FDIC Board approved the Temporary Liquidity 

Guarantee Program (TLGP)1 on October 13, 2008, as 

major disruptions in credit markets blocked access to 

liquidity for financial institutions. The TLGP improves 

access to liquidity by fully guaranteeing non-interestbearing transaction deposit accounts and by guaranteeing eligible senior unsecured debt. The final rule for the 

TLGP was adopted on November 21, 2008. 

Non-Interest-Bearing Transaction Accounts at 

Participating Institutions Are Fully Guaranteed 

The Transaction Account Guarantee Program provides 

a full guarantee of non-interest-bearing transaction 

deposit accounts above $250,000, regardless of dollar 

amount, at depository institutions that elected to participate in the program. The guarantee is in effect until 

December 31, 2009. Accounts covered by the guarantee 

also include NOW accounts where interest rates are 

maintained at 0.5 percent or less and IOLTA2 accounts. 

FDIC Offers Guarantees on Senior Unsecured Debt 

The Debt Guarantee Program provides a full guarantee 

of senior unsecured debt issued by eligible institutions 

between October 14, 2008, and June 30, 2009, with the 

guarantee expiring on or before June 30, 2012. Senior 

unsecured debt must have a stated maturity of more 

than 30 days and may include term Federal funds 

purchased, promissory notes, commercial paper, unsubordinated unsecured notes, and U.S. dollar denominated certificates of deposit owed to an insured 

depository institution. Institutions eligible for participation in the Debt Guarantee Program include insured 

depository institutions, U.S. bank holding companies, 

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 NOW accounts are Negotiable Order of Withdrawal Accounts, and 

IOLTA, or Interest on Lawyers Trust Accounts, are interest-bearing 

accounts maintained by an attorney or law firm for its clients. 

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

other affiliates of an insured depository institution that 

the FDIC designates as eligible entities. 

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 will be paid for by direct user fees. Institutions 

participating in the Transaction Account Guarantee 

Program provide customers full coverage on noninterest-bearing transaction accounts for an annual fee 

of 10 basis points. Fees for participation in the Debt 

Guarantee Program depend on the maturity of debt 

issued. The cost of the guarantee to insured depository 

institutions is 50 basis points for maturities of 180 days 

or less, 75 basis points for maturities of 181 days to 364 

days, and 100 basis points for maturities 365 days or 

greater. Bank holding companies and participating affiliates are required to pay an additional 10 basis points if, 

as of September 30, 2008, the combined assets of all 

insured depository institutions affiliated with such entities constitute less than 50 percent of consolidated 

holding company assets. 

A Majority of Eligible Entities Have Chosen to 

Participate in the TLGP 

According to submissions received by the FDIC, more 

than 85 percent of FDIC-insured institutions have opted 

in to the Transaction Account Guarantee Program, and 

more than half of all eligible entities have elected to 

opt in to the Debt Guarantee Program. Lists of institutions that opted out of the guarantee programs are 

posted at http://www.fdic.gov/regulations/resources/ 

TLGP/optout.html. 

Insured Institutions Report Half a Million 

Transaction Accounts over $250,000 

According to fourth quarter Call Reports, insured institutions reported 522,862 non-interest-bearing transaction accounts over $250,000. These accounts totaled 

FDIC Quarterly 18 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Banking Profile 

$814 billion, of which $684 billion in deposit accounts 

was guaranteed under the Transaction Account Guarantee Program. Almost 6,000 FDIC-insured institutions 

reported non-interest-bearing transaction accounts over 

$250,000 in value. 

Limits on Debt Issuance Based on Third Quarter 

2008 Balances 

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, that matures on or before June 30, 

2009. Eligible entities may issue debt up to 125 percent 

of that outstanding amount. The cap for FDIC-insured 

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. Holding companies with no short-term senior unsecured debt outstanding must apply to the FDIC to raise the limit on their 

issuance of FDIC-guaranteed debt above $0. Initial caps 

for all 8,177 entities that could exercise their option to 

issue guaranteed debt under the TLGP total almost 

$1.0 trillion. 

$224 Billion in FDIC-Guaranteed Debt Was 

Outstanding at Year-End 

Sixty-four financial entities—39 insured depository 

institutions and 25 bank and thrift holding companies 

and nonbank affiliates—had $224 billion in guaranteed 

debt outstanding at year-end. 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 86 percent of FDICguaranteed debt outstanding at year-end. Short-term 

commercial paper and medium-term notes represented 

86 percent of outstanding debt instruments, in almost 

equal shares. Almost one-half of guaranteed debt 

outstanding as of December 31, 2008, matures in 180 

days or less, and one-fourth matures between two and 

three years of issuance. 

Author:	 Katherine Wyatt, Chief, Financial Analysis Section 

Division of Insurance and Research 

(202) 898-6755 

Table I-C. Participation in Temporary Liquidity Guarantee Program 

December 31, 2008 Total Eligible Entities Number Opting In Percent Opting In 

Transaction Account Guarantee Program 

Depository Institutions with Assets <= $10 Billion �������������������������������� 

Depository Institutions with Assets > $10 Billion ���������������������������������� 

Total Depository Institutions * ��������������������������������������������������������� 

Debt Guarantee Program 

Depository Institutions with Assets <= $10 Billion �������������������������������� 

Depository Institutions with Assets > $10 Billion ���������������������������������� 

Total Depository Institutions * ��������������������������������������������������������� 

Bank and Thrift Holding Companies and 

Non-Insured Affiliates���������������������������������������������������������������������������� 

All Entities���������������������������������������������������������������������������������������� 

8,203 

112 

8,315 

8,203 

112 

8,315 

6,403 

14,718 

7,101 

106 

7,207 

4,457 

104 

4,561 

3,630 

8,191 

86�6% 

94�6% 

86�7% 

54�3% 

92�9% 

54�9% 

56�7% 

55�7%

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

Table II-C. Cap on FDIC-Guaranteed Debt for Opt-In Entities 

December 31, 2008 

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 

(dollar figures in millions) 

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 *��������������������������������������� 

Depository Institutions with Assets 

> $10 Billion * ����������������������������������������� 

Bank and Thrift Holding 

Companies, Non-Insured Affiliates �� ����������� 

Total������������������������������������������������������������� 

124 

45 

90 

259 

$2,812 

298,587 

398,092 

699,490 

$3,514 

373,233 

497,616 

874,363 

4,333 

59 

3,540 

7,932 

$34,863 

30,320 

N/A 

65,183 

4,457 

104 

3,630 

8,191 

$38,377 

403,554 

497,616 

939,546 

* Depository institutions include insured branches of foreign banks (IBAs)	 N/A - Not applicable 

FDIC Quarterly	 19 2009, Volume 3, No. 1 
 

Table III-C. Transaction Account Guarantee Program 

(dollar figures in millions) December 31, 

2008 

Number of Non-Interest-Bearing Transaction Accounts over $250,000 ��������� 522,862 

Amount in Non-Interest-Bearing Transaction Accounts over $250,000���������� $814,437 

Amount Guaranteed ����������������������������������������������������������������������������������������� $683,722 

Table IV-C. Debt Issuance under Guarantee Program 

December 31, 2008 

(dollar figures in millions) Number Debt Outstanding Cap 

Debt Outstanding 

Share of Cap 

Insured Depository Institutions 

Assets <= $10 Billion ������������������������������������������������������� 

Assets > $10 Billion ��������������������������������������������������������� 

Bank and Thrift Holding Companies, 

Non-Insured Affiliates ������������������������������������������������������������ 

All Issuers����������������������������������������������������������������������� 

18 

21 

25 

64 

$45 

31,276 

192,928 

224,249 

$984 

303,031 

466,398 

770,413 

4�5% 

10�3% 

41�4% 

29�1% 

Table V-C. Fees Assessed under TLGP Debt Program 

4th Quarter 

(dollar figures in millions) 2008 

Total Fees Assessed ��������������������������������������������� $3,437 

Table VI-C. Term at Issuance of Debt Instruments Outstanding 

Other 

Interbank Other Senior 

December 31, 2008 Commercial Eurodollar Medium Interbank unsecured Other Share 

(dollar figures in millions) Paper Deposits Term Notes Deposits Debt Term Note All Debt by Term 

Term at Issuance 

90 days or less�������������������������������������� $56,678 $281 $0 $448 $1,330 $3,208 $61,944 27�6% 

91 - 180 days����������������������������������������� 36,917 1,209 0 5,441 10 4,912 48,489 21�6% 

181 - 364 days��������������������������������������� 1,725 11 1,100 17 0 2,413 5,266 2�3% 

1 - 2 years ��������������������������������������������� 0 1 19,800 17 0 770 20,588 9�2% 

Over 2 - 3 years ������������������������������������ 0 0 47,023 0 3,225 5,665 55,912 24�9% 

Over 3 years������������������������������������������ 0 0 29,606 4 2,350 90 32,050 14�3% 

Total ������������������������������������������������ 95,320 1,502 97,528 5,927 6,915 17,057 224,249 

Share of Total���������������������������������������� 42�5% 0�7% 43�5% 2�6% 3�1% 7�6% 

FDIC Quarterly 20 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Banking Profile 

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) 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. 

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 

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 clarifies 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. Fair value continues to be used for 

derivatives, trading securities, and available-for-sale securities. 

Changes in fair value go through earnings for the derivatives 

and trading securities. Changes in the fair value of availablefor-sale securities are reported in other comprehensive 

income. Available-for-sale securities and held-to-maturity 

debt securities are written down to fair value through earnings 

if impairment is other than temporary and mortgage loans 

held for sale are reported at the lower of cost or fair value. 

Loans held for investment are also subject to impairment but 

are written down based on the present value of discounted 

cash flows. FAS 159 allows banks to elect a fair value option 

when assets are recognized on the balance sheet and to report 

certain financial assets and liabilities at fair value with subsequent changes in fair value included in earnings. Existing eligible items can be fair-valued as early as January 2007 under 

FAS 159, if a bank adopts FAS 157. 

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. 

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FASB Statement No. 155 Accounting for Certain Hybrid Financial accordance with the interpretation’s effective date except as 

Instruments—issued in February 2006, requires bifurcation of follows. On December 31, 2008, the FASB decided to defer 

certain derivatives embedded in interests in securitized finan- the effective date of FIN 48 for eligible nonpublic enterprises 

cial 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 

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 

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, 

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—requires all entities to recognize compensation 

expense in an amount equal to the fair value of share-based 

payments (e.g., stock options and restricted stock, granted to 

employees). As of January 2006 all banks must adopt FAS 

123(R). The compensation cost is typically recognized over 

the vesting period with a corresponding credit to equity. The 

recording of the compensation cost also gives rise to a 

deferred tax asset. 

FASB Statement No. 133 Accounting for Derivative Instruments 

and Hedging Activities—All banks must recognize derivatives 

as either assets or liabilities on the balance sheet, measured at 

fair value. A derivative may be specifically designated as a 

“fair value hedge,” a “cash flow hedge,” or a hedge of a foreign 

currency exposure. The accounting for changes in the value 

of a derivative (gains and losses) depends on the intended use 

of the derivative, its resulting designation, and the effectiveness of the hedge. Derivatives held for purposes other than 

trading are reported as “other assets” (positive fair values) or 

“other liabilities” (negative fair values). For a fair value hedge, 

the gain or loss is recognized in earnings and “effectively” offsets loss or gain on the hedged item attributable to the risk 

being hedged. Any ineffectiveness of the hedge could result 

in a net gain or loss on the income statement. Accumulated 

net gains (losses) on cash flow hedges are recorded on the 

balance sheet as “accumulated other comprehensive income” 

and the periodic change in the accumulated net gains (losses) 

for cash flow hedges is reflected directly in equity as the 

value of the derivative changes. FASB Statement No. 149, 

Amendment of Statement 133 on Derivative Instruments 

and Hedging Activities provides guidance on the circumstances in which a loan commitment must be accounted for 

as derivative. Under Statement No. 149, loan commitments 

that relate to the origination of mortgage loans that will be 

held for sale, commonly referred to as interest rate lock commitments, must be accounted for as derivatives on the balance sheet by the issuer of the commitment. 

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. 

FDIC Quarterly 22 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Banking Profile 

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 are 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. 

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. 

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 some insurance funds in order to continue operating. 

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 


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obligations issued or guaranteed by government-sponsored or Reserves for losses—the allowance for loan and lease losses on 

private enterprises. Also, see “Securities,” below. a consolidated basis. 

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. 

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. 

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.
 

Risk-based capital groups—definition: 

Total Tier 1 

Risk-Based Risk-Based Tier 1 Tangible 

(Percent) Capital * Capital * Leverage 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 and assessment rate schedule 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 assessment rates (in 

basis points) 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. 

Supervisory Group 

Capital Group A B C 

I 

1. Well Capitalized 5–7 bps III II 

28 bps 10 bps 2. Adequately Capitalized 

III IV 3. Undercapitalized 28 bps 43 bps 

Assessment rates are 3 basis points above the base rate schedule. The FDIC may adjust rates up or down by 3 basis points 

from the base rate schedule without notice and comment, 

provided that any single adjustment from one quarter to the 

next cannot move rates more than 3 basis points. 

FDIC Quarterly 24 2009, Volume 3, No. 1 
 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarterly Banking Profile 

For most institutions in Risk Category I, the assessment rate 

assigned will be based on a combination of financial ratios 

and CAMELS component ratings. 

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 will be determined by weighting 

CAMELS component ratings 50 percent and long-term debt 

issuer ratings 50 percent. For all large Risk Category I institutions, additional risk factors will be 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 will be limited to no more than 1⁄2 basis point. 

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 will generally be due on the 30th day of the last month of the quarter 

following the assessment period. Supervisory rating changes 

will be effective for assessment purposes as of the examination 

transmittal date. For institutions with long-term debt issuer 

ratings, changes in ratings will be effective for assessment purposes as of the date the change was announced. 

Risk-weighted assets—assets adjusted for risk-based capital definitions which include on-balance-sheet as well as off-balancesheet 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-balance-sheet 

accounts. 

Securities—excludes securities held in trading accounts. Banks’ 

securities portfolios consist of securities designated as “heldto-maturity,” which are reported at amortized cost (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 provides a full guarantee of non-interest-bearing deposit transaction accounts 

above $250,000, at depository institutions that elected to 

participate in the program. The guarantee is in effect until 

December 31, 2009. 

Debt Guarantee Program provides a full guarantee of senior 

unsecured debt1 issued by eligible institutions between 

October 14, 2008, and June 30, 2009, and maturing on or 

before June 30, 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. 

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, 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.) 

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. 

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. 

FDIC Quarterly 25 2009, Volume 3, No. 1