Thrift Failures, 1986-1995 Federal Savings and Loans Insured Corp. Resolution Trust Corp.
(FSLIC) RTC
Year Number of banks closed Assets Number of banks closed Assets
1986 54 $16,264
1987 48 11,270
1988 185 96,760
1989 9 725 318 $134,520
1990 213 129,662
1991 144 78,899
1992 59 44,197
1993 9 6,148
1994 2 137
1995 2 435
Total 296 $125,019 747 $393,998
I have just read the cost of the savings and loans crisis:
by Timothy Curry and Lynn Shibut
It is really like you took the headlines of what was going on in that time period and replaced them with the news today and this year.
FDIC closes 3 more banks SolutionsBank, Valley Capital Bank,Republic Federal Bank
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