Abstract
During the course of 1988, the Federal Home Loan Bank Board (FHLBB) and Federal Savings and Loan Insurance Corporation (FSLIC) used a combination of assisted acquisitions and liquidations to resolve the insurance liability owed to the depositors at 205 insolvent thrifts. According to FSLIC, the cost of the assistance provided by FSLIC in these resolutions was approximately $32.5 billion. The level of resolution activity in 1988 dwarfs that in prior years. (The average number of resolutions per year for the period 1980–1987 was 36, with a high of 63 in 1982.) Despite the high level of activity, the FSLIC caseload of insolvent thrifts still numbers over 200 institutions, with an even greater number of “troubled” or “failing” thrifts that may work their way onto the FSLIC docket.
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© 1989 Kluwer Academic Publishers
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Kormendi, R.C., Bernard, V.L., Pirrong, S.C., Snyder, E.A. (1989). Introduction and Overview. In: Crisis Resolution in the Thrift Industry. Innovations in Financial Markets and Institutions, vol 3. Springer, Dordrecht. https://doi.org/10.1007/978-94-009-0735-5_2
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DOI: https://doi.org/10.1007/978-94-009-0735-5_2
Publisher Name: Springer, Dordrecht
Print ISBN: 978-94-010-6815-4
Online ISBN: 978-94-009-0735-5
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