FDIC Still As Bankrupt As Ever, DIF-to-Deposit Ratio At -0.38%

Tyler Durden's picture

The FDIC's quarterly banking profile has been released. Inbetween all the fluff we find that the deposit "insurance" agency has exactly negative $20.7 billion to satisfy any upcoming bank runs and liquidations. Thank god for that ongoing Treasury lifeline. Atatched is a chart of the Deposit Insurance Fund-to-Deposit ratio. Negative is, well, bad.

Luckily, depositors decided to get the hell out of deposits in the last quarter, pulling out $29 billion from the not all that Too Big To Fail any longer.

Total assets of the nation’s 7,932 FDIC-insured commercial banks and savings institutions increased by $248.6 billion (1.9 percent) during first quarter 2010, funded primarily by an increase in nondeposit liabilities. Total deposits decreased by $28.6 billion, with domestic deposits almost flat, decreasing by $5.1 billion (0.1 percent), and foreign office deposits declining by $23.5 billion (1.5 percent). Domestic noninterest-bearing deposits decreased by $26.4 billion (1.7 percent), and domestic time deposits decreased by $116.1 billion (4.9 percent). Savings deposits and interest-bearing checking accounts increased by $137.4 billion (3.6 percent) during the quarter. The share of assets funded by domestic deposits declined from 58.7 percent to 57.6 percent, and the share funded by foreign office deposits decreased from 11.7 percent to 11.3 percent. Federal Home Loan Bank (FHLB) advances as a percentage of total assets continued to decline, from 4.1 percent to 3.6 percent on March 31, 2010, the smallest percentage on record (2001 to present).