Mutual Federal Savings Bank of Atlanta Atlanta, GA
Citizens Trust Bank Atlanta, GA
Codes for Bank Class:
NM = State-chartered bank that is not a member of the Federal Reserve System
N = National Bank
SB = Savings Bank
1 Estimated losses are as of 12/31/00. Estimated losses
are routinely adjusted with updated information from new appraisals and asset sales, which
ultimately affect the asset values and projected recoveries.
Deposits and the Savings Association Insurance Fund,
December 31, 1989, through December 31, 2000
Deposits in Insured Institutions (Dollars in Millions)
1 Starting in 1990, deposits in insured institutions exclude those
deposits held by Savings Association Insurance Fund members that are insured by the Bank
Insurance Fund and include those deposits held by Bank Insurance Fund members that are
insured by the Savings Association Insurance Fund.
2 Estimated insured deposits reflect deposit information as reported in the fourth
quarter FDIC Quarterly Banking Profile. Before 1991, insured deposits were estimated
using percentages determined from the June 30 Call Reports.
Number, Assets, Deposits, Losses, and
Loss to Funds of Insured Thrifts Taken Over or
Closed Because of Financial Difficulties, 1989 through 2000 1
1 Prior to July 1, 1995, all thrift closings were the
responsibility of the Resolution Trust Corporation (RTC). Since the RTC was terminated on
December 31, 1995, and all assets and liabilities transferred to the FSLIC Resolution Fund
(FRF), all the results of the thrift closing activity from 1989 through 1995 are now
reflected on FRF's books. The Savings Association Insurance Fund (SAIF) became responsible
for all thrifts closed after June 30, 1995; there have been only three such failures.
Additionally, SAIF was appointed receiver of one thrift (Heartland FSLA) on October 8,
1993, because, at that time, RTC's authority to resolve FSLIC-insured thrifts had not yet
been extended by the RTC Completion Act.
2 Year is the year of failure, not the year of resolution.
3 The estimated losses represent the projected loss at the fund level from
receiverships for unreimbursed subrogated claims of the FRF/SAIF and unpaid advances to
receiverships from the FRF.
4 The Loss to Funds represents the total resolution cost of the failed thrifts
in the SAIF and FRF-RTC funds, which includes corporate revenue and expense items such as
interest expense on Federal Financing Bank debt, interest expense on escrowed funds, and
interest revenue on advances to receiverships, in addition to the estimated losses for
5 Total for 1989 excludes nine failures of the former FSLIC.