The Graveyard › Banks › 1988

United Savings Association of Texas

Houston · assisted December 30, 1988 · FDIC certificate 29959

United Savings Association of Texas of Houston was given assistance by the FSLIC on December 30, 1988. The FDIC's list records an assistance transaction, not a closing. It opened on December 21, 1937, 51 years before. At its last report before that it held $4.6 billion in assets and $3.5 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $6.0 billion. The FDIC estimates that the FSLIC's fund lost $1.5 billion on it.

1984-031988-09

Assets at the end$4.6 billionlast report before December 30, 1988

Deposits at the end$3.5 billion

Estimated loss to the fund$1.5 billionFSLIC

Largest in the quarterly reports$6.0 billionDecember 31, 1986

Equity to assets-4.4%September 30, 1988

Loans not being repaid14.0%noncurrent, September 30, 1988

Return on assets-6.90%a year's rate, September 30, 1988

Take today's blind test

Also ended in 1988

American S&LA · Stockton · $30.2 billion in assets · assisted
First Republicbank-Dallas, N.A. · Dallas, TX · $17.1 billion in assets
Gibraltar SA · Houston · $6.5 billion in assets · assisted
First City, Texas - Houston, NA · Houston · $4.4 billion in assets · assisted
First Texas Savings Association · Dallas · $3.1 billion in assets · assisted
Columbia Fs&La · Englewood · $3.1 billion in assets · assisted

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.