The Graveyard › Banks › 1990

American Federal Savings Association

Des Moines, IA · failed February 9, 1990 · FDIC certificate 29728

American Federal Savings Association of Des Moines, IA failed on February 9, 1990. It opened on September 21, 1936, 53 years before. At its last report before that it held $910.7 million in assets and $817.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1988, it held $1.1 billion. The FDIC estimates that the Resolution Trust Corporation lost $23.5 million on it.

1984-031989-12

Assets at the end$910.7 millionlast report before February 9, 1990

Deposits at the end$817.9 million

Estimated loss to the fund$23.5 millionRTC

Largest in the quarterly reports$1.1 billionJune 30, 1988

Equity to assets0.4%December 31, 1989

Loans not being repaid3.8%noncurrent, December 31, 1989

Return on assets-0.85%a year's rate, December 31, 1989

On the FDIC's list: AMERICAN FEDERAL SAVINGS ASSOC..

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Also ended in 1990

Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
Franklin Fsa · Ottawa · $9.3 billion in assets
Centrust Bank, SB · Miami, FL · $8.2 billion in assets
Empire of America FSB · Buffalo, NY · $8.2 billion in assets
Merabank FSB · Phoenix, AZ · $6.3 billion in assets
Southwest Savings Association · Dallas, TX · $5.3 billion in assets

History, not advice.

Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.