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FDIC losses in bank failures: has FDICIA made a difference?

  • George P. Kaufman
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    This article finds that, although the number of failed banks declined sharply after the passage of the FDIC Improvement Act (FDICIA) in 1991, losses to the FDIC as a percent of assets of failed banks actually increased. Only if adjustments are made both for large losses at a few larger outlier banks and for differences in the size distribution of failures is the FDIC's loss rate in the post-FDICIA period (1993-2002) reduced to below its pre-FDICIA (1980-92) rate.

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    File URL: http://www.chicagofed.org/digital_assets/publications/economic_perspectives/2004/ep_3qtr2004_p2_Kaufman.pdf
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    Article provided by Federal Reserve Bank of Chicago in its journal Economic Perspectives.

    Volume (Year): (2004)
    Issue (Month): Q III ()
    Pages: 13-25

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    Handle: RePEc:fip:fedhep:y:2004:i:qiii:p:13-25:n:v.28no.3
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    1. Robert A. Eisenbeis & Larry D. Wall, 2002. "The major supervisory initiatives post-FDICIA: Are they based on the goals of PCA? Should they be?," Working Paper 2002-31, Federal Reserve Bank of Atlanta.
    2. Ely, David P. & Varaiya, Nikhil P., 1996. "Opportunity costs incurred by the RTC in cleaning up S&L insolvencies," The Quarterly Review of Economics and Finance, Elsevier, vol. 36(3), pages 291-310.
    3. John R. Walter, 2004. "Closing troubled banks : how the process works," Economic Quarterly, Federal Reserve Bank of Richmond, issue Win, pages 51-68.
    4. George J. Benston & George G. Kaufman, 1998. "Deposit insurance reform in the FDIC Improvement Act: the experience to date," Economic Perspectives, Federal Reserve Bank of Chicago, issue Q II, pages 2-20.
    5. Barth, James R & Bartholomew, Philip F & Bradley, Michael, 1990. " Determinants of Thrift Institution Resolution Costs," Journal of Finance, American Finance Association, vol. 45(3), pages 731-54, July.
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