To get a better sense of whether troubled thrifts
relied more heavily on FHLBank advances than their financially stronger counterparts, we use annual data for all FSLIC-insured thrifts
from 1985 to 1991 to examine the relationship between FHLBank advances and several measures of thrifts
' financial condition.
With this approach, applied to banking by Ferrier and Lovell (1990) and to thrifts
by Mester (1993), a translog cost function is estimated and assumed to represent the frontier.
Drexel also secretly purchased a substantial hunk of the thrift
AIG first disclosed last October that it was planning to divest the thrift
, which is based in Wilton, Conn.
Edwards had come from Superior Federal Bank, also a thrift
, and was comfortable with the OTS when Benefit was chartered.
Although the average size of these early African American thrifts
was just a tenth of that in the industry as a whole, their success attracted the attention of many black leaders.
Also in November 2008, Lincoln announced that it applied with the Office of Thrift
Supervision to become a savings and loan holding company concurrent with reaching an agreement to acquire Newton County Loan & Savings FSB, a federally regulated savings bank.
industry suffered a $4 billion loss during the third quarter of 2008, according to an Office of Thrift
Supervision (OTS) report.
The process of closing or resolving individual thrifts
involved one of three alternatives: (1) some thrifts
were sold to a healthy acquirer, which involved the RTC paying another institution to buy the insolvent thrift
, with most of its assets intact; (2) some thrifts
were to be shut down with their depositors being paid off and with the RTC retaining all of its assets for later sale; and (3) some thrifts
were shut down with their deposits being transferred to another institution.
In an attempt to capture the effects of regime changes on depository institutions behavior, we examine 582 non-regulatory assisted thrift
acquisitions by banks and thrifts
occurring during 1991 to 2001 (FDIC website, www2.fdic.gov/hsob).
With respect to income recognition and loss allowance practices for credit card lending, the guidance reflects generally accepted accounting principles (GAAP), existing interagency policies on loss allowances, and current Call Report and Thrift
Financial Report instructions.
To preserve minority ownership of the thrift
institution, Congresswoman Maxine Waters (D-CA) and the community's other political, religious, and business leaders "encouraged BBoC to participate in a process that ultimately concluded in the merging with Family," says Cohee.