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

George G. Kaufman

Economic Perspectives, 2004, vol. 28, issue Q III, 13-25

Abstract: 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.

Keywords: Bank failures; Federal Deposit Insurance Corporation; Federal Deposit Insurance Corporation Improvement Act of 1991 (search for similar items in EconPapers)
Date: 2004
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