Thrift industry shrank one-eighth in year, survey finds

American Banker's report on the savings industry for the first half of 1992 shows that the industry has shrunk about one-eighth since the first six months of 1991. The number of thrifts fell to 2,524, a 12.4% drop, as of Jun 30, 1992. Failures ended the existence of 358 savings institutions during the year. Deposits were $883.3 billion, down 11.7%, and assets fell 12.1% to $1.1 trillion. Only 29 of the 300 largest thrifts were undercapitalized, but 12 of these were under Resolution Trust Corp control on June 30, 1992. Statistical tables are given.
By any measure, the thrift industry has shrunk by about one-eighth since last year, according to American Banker's midyear survey of the savings business. As of June 30, deposits had [...]