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Thursday, July 26, 2012

FDIC Loaned $618 Billion to Banks During Panic; Who Got How Much?

http://www.fdic.gov/regulations/resources/tlgp/total_debt.html

There are some stunning numbers coming out of the FDIC this morning. Writes Bob English for EPJ:
The FDIC just released "Issuer Reported Debt Details" for the Debt Guarantee Program (DGP) of its Temporary Liquidity Guarantee Program (TLGP)--meaning a detailed list of which banks borrowed on the backs of the taxpayer during the financial panic and how juicy the terms were. A total of $618 billion was guaranteed by the FDIC over an approximate one year period.
Bank America managed to borrow $64 billion at zero percent interest.


Here are the totals, by institution (keep in mind, holding companies and the actual regulated bank might be listed as separate entities):


Total$618,413,398,408
General Electric Capital Corporation$130,850,166,935
Citigroup Funding Inc.$128,997,377,222
BANK OF AMERICA CORPORATION$64,079,465,128
Bank of America, National Association$46,976,837,903
JPMORGAN CHASE & CO.$40,534,011,955
GOLDMAN SACHS GROUP, INC., THE$37,652,426,455
Citibank, National Association$33,056,511,373
MORGAN STANLEY$30,256,932,941
Merrill Lynch & Co., Inc$19,786,359,000
CITIGROUP INC.$13,850,000,000
WELLS FARGO & COMPANY$9,500,000,000
GMAC LLC$7,400,000,000
American Express Bank,  FSB.$5,900,000,000
John Deere Capital Corporation$4,913,503,000
HSBC USA INC.$4,616,910,000
U.S. Bank National Association$4,282,285,453
Regions Bank$4,200,000,000
PNC Funding Corp$3,900,000,000
U.S. BANCORP$3,001,458,750
SunTrust Bank$3,000,000,000
STATE STREET CORPORATION$2,839,431,500
State Street Bank and Trust Company$2,450,000,000
Union Bank, National Association$2,210,000,000
JPMorgan Chase Bank, National Association$1,978,370,371
Sovereign Bank$1,350,000,000
Bank of the West$1,002,889,124
Keybank National Association$1,000,000,000
KEYCORP$937,500,000
Banco Bilbao Vizcaya  Argentaria Puerto Rico$686,440,926
BANK OF NEW YORK MELLON CORPORATION, THE$603,448,298
The Huntington National Bank$600,000,000
SUNTRUST BANKS, INC.$576,000,000
New York Community Bank$512,000,000
Wilmington Trust Company$460,000,000
The Bank of New York Mellon$436,964,547
METLIFE, INC.$397,436,000
Associated Bank, National Association$395,000,000
Fifth Third Bank$285,000,000
Wachovia Bank, National Association$271,452,170
ZIONS BANCORPORATION$254,892,500
Wells Fargo Bank, National Association$250,868,606
Sovereign Bancorp, Inc.$250,000,000
USAA Capital Corporation$221,000,000
Texas Capital Bank, National Association$149,900,656
HSBC Bank USA, National Association$125,688,079
Oriental Bank and Trust$105,000,000
WASHINGTON FIRST FINANCIAL GROUP, INC.$90,638,211
NEW YORK COMMUNITY BANCORP, INC.$90,000,000
Amalgamated Bank  (Pooled Funding Trust 1) $85,000,000
National Consumer Cooperative Bank  (Pooled Funding Trust 1)$75,000,000
AnchorBank, FSB  (Pooled Funding Trust 1) $60,000,000
Provident Bank  (Pooled Funding Trust 1)$51,500,000
Banner Bank$50,000,000
Integra Bank National Association  (Pooled Funding Trust 2)$50,000,000
Renasant Bank  (Pooled Funding Trust 2)$50,000,000
The Frost National Bank$46,936,918
Amboy Bank  (Pooled Funding Trust 1)$46,000,000
Sterling Bank$42,750,000
Bank of the Cascades$41,000,000
Superior Bank  (Pooled Funding Trust 2)$40,000,000
First Merchants Bank NA  (Pooled Funding Trust 2)$36,352,000
American National Bank  (Pooled Funding Trust 2)$35,000,000
Access National Bank  (Pooled Funding Trust 1)$30,000,000
Wilmington Savings Fund Society, FSB  (Pooled Funding Trust 1)$30,000,000
State Bank of Long Island  (Pooled Funding Trust 2)$29,000,000
Preferred Bank  (Pooled Funding Trust 1)$26,000,000
Manufacturers and Traders Trust Company$24,250,000
RBS Citizens, National Association$22,641,280
The Park Avenue Bank  (Pooled Funding Trust 1)$20,000,000
Lafayette Bank and Trust Company, NA (Pooled Funding Trust 2)$16,530,000
First Merchants Bank of Central Indiana, NA (Pooled Funding Trust 2)$15,011,000
Patriot Bank  (Pooled Funding Trust 1)$15,000,000
Carver Federal Savings Bank$14,068,000
BAC Florida Bank$14,000,000
NCB, FSB$13,688,000
Comerica Bank$13,066,197
Commerce National Bank (Pooled Funding Trust 2)$11,107,000
Community FirstBank of Charleston  (Pooled Funding Trust 1)$10,300,000
Crescent Bank  (Pooled Funding Trust 1)$10,100,000
The Bank of Holland$10,000,000
TCM Bank, National Association$9,550,000
CHAMBERS BANCSHARES, INC.$8,460,000
BankTrust$7,921,779
Nara Bank$7,281,438
Enterprise Bank & Trust$7,250,000
CNB BANCSHARES, INC.  (Pooled Funding Trust 2)$6,500,000
The Bank of Northern Michigan$6,000,000
The La Porte Savings Bank  (Pooled Funding Trust 1)$5,000,000
Premier Bank  (Pooled Funding Trust 2)$4,000,000
1ST SOURCE CORPORATION$3,824,457
COASTAL COMMUNITY INVESTMENTS, INC.$3,750,000
Capital One, National Association$2,750,000
Palm Desert National Bank$2,605,522
STONEBRIDGE FINANCIAL CORP.$2,075,000
Macon Bank, Inc.$2,014,602
Bradford Mid-Tier Company$2,000,000
D. L. Evans Bank$1,317,490
EQUITY BANK HOLDING COMPANY, INC.$1,250,000
FEB BANCSHARES, INC.$1,250,000
Compass Bank$1,000,000
Washington First International Bank$1,000,000
FIRST HORIZON NATIONAL CORPORATION$860,000
First Hawaiian Bank$825,203
Alma Bank$750,000
Meridian Bank Texas$750,000
The University National Bank of Lawrence$750,000
Tri-State Bank of Memphis$750,000
Vectra Bank Colorado, National Association$660,354
TREATY OAK BANCORP, INC.$550,000
FIFTH THIRD BANCORP$500,000
Patriot Bank Minnesota$500,000
Watertown Savings Bank$259,409
PROMERICA Bank$245,000
Bank of Monticello$240,000
QUEENSBOROUGH COMPANY, THE$200,000
Community Bank of Central Wisconsin$150,000
Colorado Mountain Bank$50,000
First Midwest Bank$50,000
The Bank of Commerce$38,000
American Savings Bank, FSB$1,922
Citizens Bank of Pennsylvania$733
Central Bank$0

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