The Graveyard › Banks › 1989

City Federal S & L Association

Oakland · failed April 6, 1989 · FDIC certificate 31691

City Federal S & L Association of Oakland failed on April 6, 1989. It opened in 1973, 16 years before. At its last report before that it held $20.3 million in assets and $27.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $34.5 million. The FDIC estimates that the Resolution Trust Corporation lost $11.6 million on it.

1984-031989-03

Assets at the end$20.3 millionlast report before April 6, 1989

Deposits at the end$27.9 million

Estimated loss to the fund$11.6 millionRTC

Largest in the quarterly reports$34.5 millionSeptember 30, 1984

Equity to assets-47.9%March 31, 1989

Loans not being repaid1.0%noncurrent, March 31, 1989

Return on assets-5.54%a year's rate, March 31, 1989

On the FDIC's list: CITY FEDERAL S & L ASSOC..

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Also ended in 1989

Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
City Savings, FSB · Somerset, NJ · $9.8 billion in assets
MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
University Federal Savings · Houston, TX · $4.5 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.