| Quarterly Banking Profile |
ALL FDIC-INSURED INSTITUTIONS -- FOURTH QUARTER, 1994
The total assets of all 12,596 private-sector FDIC-insured institutions surpassed the $5 trillion level at year-end 1994, having risen $90 billion (1.8 percent) in the fourth quarter and $312 billion (6.6 percent) for the full year (the year-to-year growt h includes accounting changes; see Notes to Users). Of the $90 billion growth in the fourth quarter, $70 billion was funded by deposit growth. In contrast to recent quarters, deposits in domestic offices increased by $41.7 billion, outpacing growth in for eign-office deposits of $28.7 billion.
Two FDIC-insured institutions failed in the fourth quarter, including one BIF-member savings bank and one SAIF-member savings bank. For all of 1994, there were 13 BIF-member failures, with total assets of $1.4 billion, and two SAIF-member failures, with t
otal assets of $137 million. By comparison, failures in 1993 included 41 BIF members ($3.5 billion) and nine SAIF members ($6.1 billion). At year-end 1994, the BIF had a balance of $21.8 billion (unaudited), or $1.15 for each $100 of insured deposits, and
the SAIF had a balance of $1.9 billion (unaudited) and a coverage ratio of $0.28. The BIF coverage ratio rose from $1.03 at the end of September, while the SAIF balance and coverage ratio slipped from September levels ($2.0 billion and $0.29) as reserves
were set aside in the fourth quarter for anticipated future losses. The Resolution Trust Corporation is responsible for the resolution costs of SAIF-insured institutions that fail before July 1, 1995, after which the SAIF assumes responsibility.
An institution's insurance fund membership and primary federal supervisor are generally determined by the institution's charter type. BIF members are predominantly commercial banks supervised by one of the three federal banking agencies, and SAIF member
are predominantly savings institutions supervised by the Office of Thrift Supervision (OTS). However, as described below, these relationships can be altered by deposit acquisitions and charter switches.
"Oakar" deposits. A member of one insurance fund may acquire deposits insured by the other fund, but this portion of the acquiring institution's deposits retains coverage under the other fund. At year-end 1994, there were 718 BIF-member Oaka
rs, compared to 688 in September and 570 at year-end 1993. At year-end 1994, these institutions held $180 billion in SAIF-insured deposits. This was 25 percent of all SAIF domestic deposits (including conservatorships), up from 23.3 percent in September a
nd 18.8 percent at year-end 1993. SAIF-insured deposits held by BIF members grew $13.5 billion during the fourth quarter, but a portion of this growth was attributable to the annual reporting adjustment to these deposits required by the enabling legislati
on. 1 On December 31, 52 SAIF-member institutions held an estimated $10.7 billion in BIF-insured deposits, which was 0.4 percent of BIF domestic deposits. SAIF-member Oakar deposits are up from $8.7 billion in September and $4
.8 billion at the end of 1993. "Sasser" institutions. Since 1989, institutions have been permitted to switch charter type and primary federal supervisor without changing insurance fund membership. On December 31, 1994, 319 SAIF-member institutions were subject to supervis ion by one of the three federal banking agencies. The number of Sassers, which include both state-chartered savings banks and commercial banks, was up from 308 in September and 276 at the end of 1993. At year-end 1994, these institutions held SAIF deposit
FICO bonds. The Financing Corporation (FICO) was established by Congress in 1987 to issue bonds to fund an early attempt to resolve the problems of the thrift industry and its former deposit insurance fund. While this attempt fell short, the
thrift industry is required to pay interest on these bonds of about $780 million per year until they mature in the years 2017 to 2019. To accomplish this, Congress gave FICO a priority claim on SAIF assessment income. However, this claim can only be paid
from assessments of savings associations that are SAIF members, and this excludes BIF-member Oakar banks and all Sasser institutions, which are savings banks. As the proportion of SAIF deposits held by Oakars and Sassers grows, the fixed FICO assessmen
must be paid from a shrinking base. Oakar and Sasser institutions currently hold about one-third of the SAIF assessment base, but if this portion were to increase to about one-half, assessment income available to FICO would be insufficient. Under certai
assumptions, this could occur within ten years. Other possible causes of assessment-base shrinkage would also contribute to a potential FICO-assessment shortfall. |
(dollar figures in millions) Number of Total Total Estimated Insured Deposits
Institutions Assets Deposits** BIF SAIF Total
Private-Sector Commercial and Savings Institutions
FDIC-Insured Commercial Banks.................... 10,450 4,010,664 2,874,351 1,731,896 149,962 1,881,859
BIF-member................................... 10,371 3,988,681 2,857,648 1,730,292 138,441 1,868,734
SAIF-member.................................. 79 21,983 16,704 1,604 11,521 13,125
FDIC-Insured Savings Institutions................ 2,152 1,008,644 737,143 162,269 541,426 703,694
OTS-Supervised Savings Institutions.......... 1,542 774,124 551,062 25,674 500,141 525,815
BIF-member................................ 17 73,531 55,406 16,672 36,886 53,558
SAIF-member*.............................. 1,525 700,593 495,656 9,002 463,255 472,257
FDIC-Supervised State Savings Banks.......... 610 234,521 186,081 136,595 41,285 177,879
BIF-member................................ 370 184,754 148,300 136,526 4,791 141,316
SAIF-member............................... 240 49,766 37,781 69 36,494 36,563
Total Private-Sector Commercial and
Savings Institutions....................... 12,602 5,019,308 3,611,494 1,894,165 691,388 2,585,553
BIF-member....................................... 10,758 4,246,966 3,061,353 1,883,490 180,118 2,063,608
SAIF-member...................................... 1,844 772,342 550,141 10,675 511,270 521,946
Other FDIC-Insured Institutions
RTC Conservatorships............................. 2 1,993 1,239 0 1,238 1,238
U.S. Branches of Foreign Banks .................. 51 11,346 3,818 1,895 0 1,895
Total FDIC-Insured Institutions..................... 12,655 5,032,647 3,616,551 1,896,060 692,626 2,588,686
*Excludes one self-liquidating savings institution with less than $1 million in SAIF-insured deposits.
**Includes $431.9 billion in foreign office deposits, which are uninsured.
TABLE I-C Selected Indicators, All FDIC-Insured Institutions* (SCROLL USING LEFT AND RIGHT ARROWS) |
(dollar figures in millions) 1994 1993 1992 1991 1990 Number of institutions reporting.................... 12,602 13,220 13,852 14,482 15,158 Total assets........................................ $5,019,308 $4,707,078 $4,535,890 $4,543,642 $4,648,642 Total deposits...................................... 3,611,494 3,528,476 3,527,044 3,594,303 3,637,267 Number of problem institutions...................... 318 572 1,063 1,426 1,492 Assets of problem institutions (in billions)........ $73 $334 $592 $819 $640 Number of failed/assisted institutions.............. 15 50 181 271 382 Assets of failed/assisted institutions (in billions) $1.57 $9.67 $88 $142 $145
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TABLE II-C Aggregate Condition and Income, All FDIC-Insured Institutions* |
(dollar figures in millions) Preliminary
4th Quarter 3rd Quarter 4th Quarter % Change
1994 1994 1993 93:4-94:4
Number of institutions reporting.................... 12,602 12,773 13,220 -4.7
Total employees (full-time equivalent).............. 1,749,525 1,754,478 1,780,097 -1.7
CONDITION DATA
Total assets........................................ $5,019,308 $4,929,099 $4,707,078 6.6
Loans secured by real estate.................. 1,600,602 1,565,418 1,518,397 5.4
1-4 Family residential.................... 1,036,836 1,006,781 971,626 6.7
Home equity loans....................... 93,207 92,082 90,462 3.0
Multifamily residential property.......... 94,598 94,289 93,976 0.7
Commercial real estate.................... 335,439 331,960 324,011 3.5
Construction, development and land........ 84,536 84,662 85,438 -1.1
Other real estate loans................... 49,193 47,727 43,345 13.5
Commercial & industrial loans................. 599,014 584,916 548,399 9.2
Loans to individuals.......................... 525,747 499,466 456,617 15.1
Credit cards & related plans................ 195,963 178,670 163,866 19.6
Other loans & leases.......................... 292,165 280,952 277,377 5.3
Less: Unearned income & contra accounts....... 16,547 16,902 16,012 3.3
Total loans & leases............................ 3,000,980 2,913,851 2,784,778 7.8
Less: Reserve for losses........................ 59,773 60,502 61,418 -2.7
Net loans & leases................................ 2,941,208 2,853,349 2,723,360 8.0
Securities ....................................... 1,113,220 1,133,032 1,112,371 ***
Other real estate owned........................... 13,997 16,985 23,906 -41.5
Goodwill and other intangibles.................... 29,731 28,338 24,003 23.9
All other assets.................................. 921,151 897,396 823,437 ***
Total liabilities and capital....................... 5,019,308 4,929,100 4,707,078 6.6
Deposits.......................................... 3,611,494 3,541,169 3,528,476 2.4
Other borrowed funds.............................. 769,461 736,525 631,904 ***
Subordinated debt................................. 43,142 41,086 39,905 8.1
All other liabilities............................. 202,978 217,613 131,847 ***
Equity capital.................................... 392,233 392,706 374,946 ***
Loans and leases 30-89 days past due................ 36,682 34,322 38,674 -5.2
Noncurrent loans and leases......................... 40,247 44,150 56,130 -28.3
Restructured loans and leases....................... 13,675 14,410 20,475 -33.2
Direct and indirect investments in real estate...... 1,024 1,096 1,298 -21.1
Mortgage-backed securities.......................... 541,190 547,289 535,425 ***
Earning assets...................................... 4,412,023 4,329,046 4,220,929 4.5
Unused loan commitments............................. 1,846,387 1,761,232 1,552,931 18.9
Including RTC conservatorships and IBA's:
Estimated BIF-insured deposits................... 1,896,060 1,888,039 1,904,920 -0.5
Domestic deposits (reflects Oakar adjustments) 2,463,813 2,427,002 2,490,816 -1.1
BIF balance (unaudited figures)............... 21,848 19,359 13,122 66.5
BIF coverage ratio (%)****.................... 1.15 1.03 0.69
Estimated SAIF-insured deposits.................. 692,626 687,176 698,455 -0.8
Domestic deposits (reflects Oakar adjustments) 720,823 716,320 729,164 -1.1
SAIF balance (unaudited figures).............. 1,937 2,011 1,156 67.6
SAIF coverage ratio (%)****................... 0.28 0.29 0.17
Estimated FDIC-insured deposits, BIF and SAIF.... 2,588,686 2,575,215 2,603,375 -0.6
| TABLE II-C Aggregate Condition and Income, All FDIC-Insured Institutions* (cont.) |
Preliminary Preliminary
Full Year Full Year 4th Quarter 4th Quarter %Change
INCOME DATA 1994 1993 %Change 1994 1993 93:4-94:4
Total interest income............................... $321,313 $311,198 3.3 $85,878 $79,352 8.2
Total interest expense.............................. 144,676 140,263 3.2 40,471 35,563 13.8
Net interest income............................... 176,637 170,935 3.3 45,407 43,789 3.7
Provision for loan losses........................... 13,333 21,123 -36.9 3,456 5,048 -31.5
Total noninterest income............................ 82,460 82,857 -0.5 21,510 22,400 -4.0
Total noninterest expense........................... 167,414 164,587 1.7 44,533 43,289 2.9
Securities gains (losses)........................... (598) 3,460 N/M (994) 446 N/M
Applicable income taxes............................. 26,207 23,696 10.6 5,533 6,036 -8.3
Extraordinary gains, net............................ (452) 2,066 N/M 10 161 -93.9
Net income........................................ 51,092 49,913 2.4 12,411 12,408 0.0
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*Excludes institutions in RTC conservatorship, one self-liquidating savings institution, insured branches of foreign banks (IBA's), unless indicated otherwise.
***New accounting rules and/or reporting detail became effective March 31, 1994. See Notes to Users.
N/M-Not meaningful
****Coverage ratios reflect the insurance fund balance as a percentage of estimated insured deposits.
TABLE I-D Selected Indicators, BIF-Member Institutions* |
(dollar figures in millions) 1994 1993 1992 1991 1990 Number of institutions reporting.................... 10,758 11,291 11,813 12,305 12,791 Total assets........................................ $4,246,966 $3,949,720 $3,711,624 $3,660,455 $3,646,838 Total deposits...................................... 3,061,353 2,951,982 2,873,178 2,881,769 2,861,441 Number of problem institutions...................... 264 472 856 1,089 1,046 Assets of problem institutions (in billions)........ $42 $269 $464 $610 $409 Number of failed/assisted institutions.............. 13 41 122 127 169 Assets of failed/assisted institutions (in billions) $1.43 $3.54 $44 $63 $15
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TABLE II-D Selected Aggregate Condition and Income Data, BIF-Member Institutions* |
(dollar figures in millions) Preliminary
4th Quarter 3rd Quarter 4th Quarter % Change
1994 1994 1993 93:4-94:4
Number of institutions reporting.................... 10,758 10,905 11,291 -4.7
Commercial banks.................................. 10,371 10,517 10,887 -4.7
Savings institutions.............................. 387 388 404 -4.2
Total employees (full-time equivalent).............. 1,544,033 1,543,569 1,556,408 -0.8
CONDITION DATA
Total assets........................................ $4,246,966 $4,164,978 $3,949,720 7.5
Loans secured by real estate, total............... 1,136,107 1,109,148 1,068,972 6.3
1-4 Family residential.......................... 668,534 649,066 622,115 7.5
Multifamily residential property................ 51,078 49,837 48,184 6.0
Commercial real estate.......................... 300,861 296,493 286,566 5.0
Construction, development and land.............. 66,535 66,115 68,818 -3.3
Commercial & industrial loans..................... 592,929 579,292 542,881 9.2
Reserve for losses.............................. 54,382 54,886 55,407 -1.9
Total deposits.................................... 3,061,353 2,984,350 2,951,982 3.7
Estimated insured deposits........................ 2,063,608 2,043,727 2,037,604 1.3
BIF-insured deposits (estimated)................ 1,883,490 1,877,117 1,897,809 -0.8
SAIF-insured deposits (estimated)............... 180,118 166,610 139,795 28.8
Noncurrent loans and leases....................... 33,870 36,989 47,555 -28.8
Other real estate owned........................... 10,914 13,559 18,499 -41.0
Equity capital.................................... 332,413 332,350 316,310 **
CAPITAL CATEGORY DISTRIBUTION
Number of institutions:
Well capitalized.................................. 10,583 10,720 11,052 -4.2
Adequately capitalized............................ 138 149 182 -24.2
Undercapitalized.................................. 23 23 20 15.0
Significantly undercapitalized.................... 10 12 23 -56.5
Critically undercapitalized....................... 4 1 14 -71.4
Total assets:
Well capitalized.................................. $4,142,534 $4,004,593 $3,797,959 9.1
Adequately capitalized............................ 99,194 155,110 140,946 -29.6
Undercapitalized.................................. 4,209 3,899 1,856 126.8
Significantly undercapitalized ................... 557 1,373 5,069 -89.0
Critically undercapitalized....................... 472 3 3,891 -87.9
| TABLE II-D Selected Aggregate Condition and Income Data, BIF-Member Institutions* (cont.) |
Preliminary Preliminary
Full Year Full Year 4th Quarter 4th Quarter %Change
INCOME DATA 1994 1993 %Change 1994 1993 93:4-94:4
Net interest income................................. $154,655 $147,834 4.6 $39,896 $38,109 4.7
Provision for loan losses........................... 11,551 18,279 -36.8 3,036 4,312 -29.6
Net income.......................................... 46,935 44,531 5.4 11,338 11,351 -0.1
Net charge-offs..................................... 12,067 19,106 -36.9 3,367 5,302 -36.5
Number of institutions reporting net losses......... 409 562 -27.2 981 1,183 -17.1
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*Excludes insured branches of foreign banks.
**New accounting rules and/or reporting detail became effective March 31, 1994. See Notes to Users.
TABLE I-E Selected Indicators, SAIF-Insured Institutions* |
(dollar figures in millions) 1994 1993 1992 1991 1990 Number of institutions reporting.................... 1,844 1,929 2,039 2,177 2,367 Total assets........................................ $772,342 $757,358 $824,266 $883,187 $1,001,804 Total deposits...................................... 550,141 576,493 653,865 712,533 775,826 Number of problem institutions...................... 54 100 207 337 446 Assets of problem institutions (in billions)........ $31 $65 $128 $209 $231 Number of failed/assisted institutions.............. 2 9 59 144 213 Assets of failed/assisted institutions (in billions) $0.14 $6.13 $44 $79 $130
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TABLE II-E Selected Aggregate Condition and Income Data, SAIF-Member Institutions* |
(dollar figures in millions) Preliminary
4th Quarter 3rd Quarter 4th Quarter % Change
1994 1994 1993 93:4-94:4
Number of institutions reporting.................... 1,844 1,868 1,929 -4.4
Commercial banks.................................. 79 75 71 11.3
Savings institutions.............................. 1,765 1,793 1,858 -5.0
Total employees (full-time equivalent).............. 205,492 210,909 223,689 -8.1
CONDITION DATA
Total assets........................................ $772,342 $764,121 $757,358 2.0
Loans secured by real estate, total............... 464,494 456,271 449,425 3.4
1-4 Family residential.......................... 368,303 357,716 349,511 5.4
Multifamily residential property................ 43,520 44,452 45,792 -5.0
Commercial real estate.......................... 34,577 35,466 37,445 -7.7
Construction, development and land.............. 18,001 18,547 16,621 8.3
Commercial & industrial loans..................... 6,085 5,624 5,518 10.3
Reserve for losses.............................. 5,391 5,616 6,011 -10.3
Total deposits.................................... 550,141 556,819 576,493 -4.6
Estimated insured deposits........................ 521,946 527,678 545,784 -4.4
BIF-insured deposits (estimated)................ 10,675 8,738 4,807 122.1
SAIF-insured deposits (estimated)............... 511,270 518,940 540,977 -5.5
Noncurrent loans and leases....................... 6,378 7,160 8,574 -25.6
Other real estate owned........................... 3,084 3,426 5,407 -43.0
Equity capital.................................... 59,820 60,357 58,635 **
| CAPITAL CATEGORY DISTRIBUTION |
Number of institutions: Well capitalized.................................. 1,743 1,773 1,821 -4.3 Adequately capitalized............................ 91 83 93 -2.2 Undercapitalized.................................. 5 6 12 -58.3 Significantly undercapitalized.................... 4 5 1 300.0 Critically undercapitalized....................... 1 1 2 -50.0 Total assets: Well capitalized.................................. $702,525 $680,245 $664,415 5.7 Adequately capitalized............................ 65,316 79,095 87,373 -25.3 Undercapitalized.................................. 1,566 1,408 3,301 -52.6 Significantly undercapitalized ................... 1,206 3,329 107 N/M Critically undercapitalized....................... 1,730 44 2,162 -20.0
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TABLE II-E Selected Aggregate Condition and Income Data, SAIF-Insured Institutions* (cont.) |
Preliminary Preliminary
Full Year Full Year 4th Quarter 4th Quarter %Change
INCOME DATA 1994 1993 %Change 1994 1993 93:4-94:4
Net interest income................................. $21,982 $23,101 -4.9 $5,511 $5,680 -3.0
Provision for loan losses........................... 1,782 2,844 -37.3 420 736 -43.0
Net income.......................................... 4,157 5,381 -22.8 1,073 1,057 1.5
Net charge-offs..................................... 2,212 2,435 -9.2 454 732 -37.9
Number of institutions reporting net losses......... 136 103 32.0 168 163 3.1
| *Excludes institutions in Resolution Trust Corporation conservatorship and one self-liquidating institution. ** New accounting rules and/or reporting detail became effective March 31, 1994. See Notes to Users. N/M - Not Meaningful. |
| Last Updated 8/18/1999 | Questions, Suggestions & Requests |