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US Banking Insolvency & Resolution Data
Finance & Banking Analytics
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About
Financial insolvency records covering United States banking institutions that were closed by regulators or ceased to exist as privately held entities between 2000 and 2023. Derived from Federal Deposit Insurance Corporation (FDIC) bank records and cleaned using SQL, this dataset provides a detailed historical view of bank failures, including the legal names of institutions, their geographic locations, and the financial scope of their assets and deposits at the time of closure. It further details the resolution process, identifying acquiring institutions and the estimated losses incurred by the Deposit Insurance Fund (DIF). This collection serves as a vital resource for understanding banking sector stability, the frequency of financial collapses, and the regulatory handling of distressed assets over two decades.
Columns
- Bank_Name: The legal name of the failed institution.
- CERT: The unique certificate number assigned by the FDIC to identify the institution.
- CITY: The city location of the institution's headquarters.
- STATE: The state or territory location of the institution's headquarters.
- Closing_Date: The effective date when the institution ceased to exist as a privately held going concern or entered government ownership.
- Total_Deposits: The total value of deposits (demand, money market, savings, time, and foreign) as of the last financial report filed prior to closing.
- Total_Assets: The total assets owned (cash, loans, securities, premises) as of the last financial report filed prior to closing.
- Acquiring_Institution: The name of the entity that assumed the assets and liabilities of the failed bank (or "No Acquirer" if applicable).
- Estimated_Loss: The estimated difference between funds disbursed from the Deposit Insurance Fund (DIF) to cover obligations and the amount recoverable from liquidation.
Distribution
The dataset is structured as a CSV file containing 566 records and 9 columns. It includes numerical data for financial metrics (Assets, Deposits, Estimated Loss) and text strings for identifiers and locations. The data is fully valid with no missing values reported for key identifiers like Bank Name and City.
Usage
- Financial Risk Analysis: Assess historical trends in bank failures to model future sector risk.
- Economic Research: Investigate the correlation between bank insolvencies and broader economic downturns, such as the 2008 financial crisis.
- Regulatory Compliance: Study the outcomes of FDIC interventions and the frequency of asset acquisition by other institutions.
- Investment Due Diligence: Evaluate the historical performance and stability of specific banking regions or institution types.
Coverage
- Geographic: United States (City and State level data).
- Temporal: October 2000 to May 2023.
- Scope: Includes all FDIC-insured institutions that failed during this period, covering widely varying asset sizes from approximately 3.79 million to over 300 billion.
License
CC0: Public Domain
Who Can Use It
- Economists: For macro-economic modelling of the banking sector.
- Financial Analysts: To track historical loss rates and asset recovery.
- Policy Makers: To review the effectiveness of insurance fund disbursements.
- Data Scientists: For training predictive models on financial distress indicators.
Dataset Name Suggestions
- FDIC Failed US Banks 2000-2023
- US Banking Insolvency & Resolution Data
- Historical Bank Failures and Acquisitions
- FDIC Resolution and Recovery Statistics
Attributes
Original Data Source: US Banking Insolvency & Resolution Data
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