| Another Reagan Legacy | |||||
| S&L Bailout Costs--FSLIC, 1985-1988 | |||||
| Where Bailout Costs GT 50 MILLION | |||||
| (167 S&Ls) | |||||
| Data from FDIC list of February 5, 1999 provided per an FOIA request. | |||||
| Only S&Ls where bailout costs are greater than $50 MILLION are listed. | |||||
| Bailout costs are as shown times 1,000 | |||||
| Thus $5,709,172 is actually over $5.7 BILLION dollars. | |||||
| TOTAL BAILOUT COSTS (ALL S&LS) BY YEAR - 1985 - 1989 | |||||
| 1985: $ 791,953,000 | |||||
| 1986: $ 2, 641,909,000 | |||||
| 1987: $ 5,728,890,000 | |||||
| 1988: $59,637,844,000 | |||||
| Name | City | St. | Resolved | Failed | Bailout Costs (x 1,000) |
| American | Stockton | CA | 881228 | 880907 | $5,709,172 |
| Sunbelt Savings Association | Dallas | TX | 880819 | 880819 | $3,787,923 |
| Gibraltar Savings Association | Houston | TX | 881227 | 881227 | $2,853,856 |
| First Texas Savings | Dallas | TX | 881227 | 881227 | $2,526,731 |
| Western S&LA | Dallas | TX | 880819 | 860912 | $2,336,791 |
| Guaranty FS&LA | Dallas | TX | 880930 | 880930 | $2,125,661 |
| Lamar Savings Association | Austin | TX | 880518 | 880518 | $2,017,661 |
| FirstSouth | Pine Bluff | AR | 871208 | 861205 | $1,696,677 |
| Independent American SA | Irving | TX | 880819 | 870520 | $1,581,749 |
| United Savings Association | Houston | TX | 881230 | 881230 | $1,572,929 |
| Beverly Hills | Beverly Hills | CA | 881231 | 850423 | $1,455,891 |
| Commodore Savings | Dallas | TX | 881222 | 881222 | $1,345,036 |
| Silverado | Denver | CO | 881231 | 881209 | $1,299,606 |
| Beach | Boynton Beach | FL | 881230 | 881230 | $1,291,299 |
| Vernon | Vernon | TX | 871120 | 870320 | $1,061,644 |
| State S&LA of Lubbock | Lubbock | TX | 880826 | 851220 | $1,009,210 |
| Mainland S&LA | Houston | TX | 880909 | 860404 | $915,798 |
| City S&LA | San Angelo | TX | 880518 | 880518 | $911,921 |
| Champion Savings | Houston | TX | 880923 | 880923 | $876,212 |
| Bell | San Mateo | CA | 880823 | 850725 | $829,701 |
| Stockton Savings Association | Dallas | TX | 880518 | 880518 | $806,320 |
| Columbia | Englewood | CO | 881230 | 881230 | $747,209 |
| American Diversified | Costa Mesa | CA | 880606 | 860214 | $747,031 |
| Creditbanc Savings | Austin | TX | 880930 | 880930 | $733,607 |
| Olney Savings Association | Olney | TX | 881014 | 881014 | $733,092 |
| Franklin Savings Association | Austin | TX | 880930 | 880930 | $682,352 |
| Montfort Savings Association | Dallas | TX | 881227 | 881227 | $657,671 |
| Charter Savings S&LA | Corpus Christi | TX | 881229 | 881229 | $614,848 |
| Mercury S&LA of Texas | Wichita Fall | TX | 880818 | 860314 | $578,793 |
| Lyons Federal Trust | Countryside | IL | 881207 | 870924 | $561,601 |
| Pathway Financial | Chicago | IL | 881230 | 881230 | $498,015 |
| First FS&LA | Austin | TX | 880930 | 880930 | $480,360 |
| Richardson Savings | Dallas | TX | 880818 | 880818 | $467,468 |
| Eureka | San Carlos | CA | 880526 | 850621 | $464,875 |
| Paris S&LA | Paris | TX | 880818 | 880818 | $464,485 |
| Cardinal FSB | Cleveland | OH | 881201 | 881201 | $452,662 |
| Banc Home Savings | Midland | TX | 881014 | 881014 | $447,824 |
| Southwest S&LA | Abilene | TX | 881014 | 881014 | $419,115 |
| Sunrise | Lake Worth | FL | 860912 | 850718 | $418,083 |
| Peoples S&LA | Llano | TX | 881229 | 881229 | $380,914 |
| Butterfield | Santa Ana | CA | 880929 | 850807 | $367,418 |
| Heights Saving Association | Houston | TX | 880909 | 850906 | $361,409 |
| Home S&LA | Lufkin | TX | 881222 | 881222 | $356,330 |
| Ben Milam | Cameron | TX | 880818 | 860314 | $348,177 |
| Central | San Diego | CA | 870410 | 850531 | $327,146 |
| Summit Savings | Dallas | TX | 880819 | 880819 | $325,242 |
| Home Savings Association | Houston | TX | 881222 | 881222 | $309,711 |
| Gulf Federal Savings Bank | Metairie | LA | 871230 | 861121 | $278,765 |
| First S&L | Burkburnett | TX | 870116 | 870116 | $269,412 |
| Delta Savings Association | Alvin | TX | 880930 | 880930 | $258,447 |
| Talman Home | Chicago | IL | 861001 | 820220 | $255,420 |
| State FS&LA | Corvallis | OR | 880916 | 851206 | $249,036 |
| Victor | Muskogee | OK | 880729 | 870313 | $240,600 |
| Tesoro S&LA | Laredo | TX | 881118 | 881118 | $230,435 |
| Majestic Savings Association | McKinney | TX | 880818 | 880818 | $226,270 |
| Southern California | Beverly Hills | CA | 870430 | 850606 | $223,825 |
| Briercroft Savings | Austin | TX | 880518 | 880518 | $222,395 |
| Broward | Sunrise | FL | 881231 | 881231 | $221,291 |
| First Financial Bank FSB | New Orleans | LA | 871231 | 871231 | $216,734 |
| Lincoln | Westfield | NJ | 881101 | 881101 | $210,257 |
| First FS&LA of Rochester | Rochester | NY | 860815 | 810908 | $200,000 |
| First City Savings | Irving | TX | 880819 | 880819 | $199,999 |
| KilleenS&LA | Killeen | TX | 881227 | 881227 | $195,100 |
| Great West Savings Bank | Austin | TX | 880930 | 880930 | $190,985 |
| San Angelo Savings | San Angelo | TX | 881014 | 881014 | $179,456 |
| Bell Savings Banc | Temple | TX | 850802 | 850802 | $177,833 |
| American | Springfield | IL | 881229 | 881229 | $176,089 |
| Southern Federal Bank S&LA | Lancaster | TX | 881222 | 881222 | $171,863 |
| Interwest Savings Association | Fort Worth | TX | 881222 | 881222 | $168,428 |
| Cal America | Walnut Creek | CA | 881231 | 860919 | $166,700 |
| Audubon | New Orleans | LA | 860620 | 850625 | $166,226 |
| Washington FSB | Stillwater | MN | 880826 | 880826 | $165,268 |
| Mutibanc Savings | Dallas | TX | 880819 | 880819 | $163,249 |
| Northpark Savings | Richardson | TX | 881201 | 881201 | $163,175 |
| Twin City Savings Bank | West Monroe | LA | 881110 | 870819 | $160,590 |
| Magic Valley | Weslaco | TX | 870116 | 870116 | $160,523 |
| Seguin Savings Association | Seguin | TX | 881229 | 881229 | $159,149 |
| First FS&LA | Amarillo | TX | 881014 | 881014 | $159,013 |
| Petroplex Savings | Midland | TX | 881014 | 881014 | $157,796 |
| Sun Belt Federal Bank | Lake Providence | LA | 860502 | 850625 | $156,154 |
| Security Savings Association | Slaton | TX | 881222 | 881222 | $155,965 |
| Equitable | Lancaster | OH | 860709 | 860709 | $152,257 |
| Centennial | Guerneville | CA | 870427 | 850820 | $148,875 |
| Alliance | Kenner | LA | 850823 | 850823 | $147,947 |
| American Home Savings | Salem | OR | 881215 | 881215 | $145,343 |
| Phoenix FS&LA | Muskogee | OK | 880831 | 880831 | $145,212 |
| Security FS&LA | Pampa | TX | 881014 | 881014 | $142,798 |
| Pioneer | Mason City | IA | 880826 | 880826 | $141,233 |
| Farmers Saving Bank | Davis | CA | 880718 | 851018 | $137,801 |
| Bay City FS&LA | Bay City | TX | 880909 | 880909 | $125,124 |
| Alliance S&LA (Houston) | Austin | TX | 880513 | 880513 | $122,888 |
| Vista Savings Association | Odessa | TX | 881222 | 881222 | $121,994 |
| Liberty | Leesville | LA | 870424 | 870424 | $121,725 |
| Key | Englewood | CO | 881118 | 870227 | $121,663 |
| United SB of Wyoming | Cheyenne | WY | 881216 | 881216 | $120,550 |
| Bloomfield | Birmingham | MI | 881216 | 881216 | $119,568 |
| MidAmerica FS&LA | Tulsa | OK | 880831 | 880831 | $117,861 |
| Columbus | San Rafael | CA | 881231 | 860414 | $117,355 |
| Irving S&LA | Irving | TX | 880818 | 880818 | $116,964 |
| Magnet Bank FSB | Charleston | WV | 880210 | 880210 | $115,899 |
| Life Savings of America | Rockford | IL | 870213 | 870213 | $115,677 |
| Hi-Plains S&LA | Hereford | TX | 881222 | 851125 | $112,620 |
| Ranchers Savings Association | Johnson City | TX | 881229 | 881229 | $112,395 |
| First Financial Savings | El Paso | TX | 880622 | 880622 | $110,662 |
| Southern S&LA | Brownwood | TX | 881014 | 881014 | $110,510 |
| First Financial of La | Lutcher | LA | 871230 | 871230 | $105,712 |
| Liberty FSB | Raton | NM | 881007 | 881007 | $105,032 |
| Homestead | Woodward | OK | 861010 | 861010 | $103,908 |
| Rocky Mountain FS&LA | Cheyenne | WY | 881216 | 881216 | $102,648 |
| American | Andarko | OK | 880729 | 880729 | $102,446 |
| Longview S&LA | Longview | TX | 880818 | 880818 | $102,369 |
| Westside | Seattle | WA | 860509 | 850830 | $100,841 |
| Bohemian | St. Louis | MO | 871211 | 860130 | $100,780 |
| Colorado County | Columbus | TX | 880513 | 880513 | $99,063 |
| Capitol | Mount Pleasant | IA | 870508 | 860221 | $98,990 |
| North America | Santa Ana | CA | 880606 | 870123 | $98,903 |
| Cyprus | Plantation | FL | 881110 | 881110 | $98,869 |
| Heart of Texas Savings | Midland | TX | 881014 | 881014 | $98,233 |
| Federated S&LA | San Antonio | TX | 880819 | 880819 | $97,813 |
| First FS&LA | Elk City | OK | 880831 | 880831 | $96,853 |
| Presidio | Porterville | CA | 860808 | 850828 | $96,609 |
| First Savings of East Texas | San Augustine | TX | 880115 | 880115 | $96,608 |
| Home Savings Bank | Lawton | OK | 880831 | 880831 | $95,732 |
| Lincoln | Louisville | KY | 861231 | 861231 | $93,000 |
| Odessa Savings Association | Odessa | TX | 881014 | 881014 | $91,635 |
| First Federated Savings | N. Palm Beach | FL | 880311 | 880311 | $90,645 |
| Northlake | Covington | LA | 860620 | 850625 | $89,333 |
| McLean S&LA | McLean | VA | 881228 | 880708 | $88,926 |
| Mutual FS&LA | Oklahoma City | OK | 880831 | 880831 | $88,693 |
| Home S&LA | Bartlesville | OK | 880831 | 880831 | $85,738 |
| First Financial | Des Moines | IA | 881228 | 881228 | $85,658 |
| Citizens S&LA | Salem | OR | 880129 | 851204 | $85,038 |
| Heritage | Elk City | OK | 880831 | 880831 | $84,280 |
| Citizens | Cleveland | OH | 860829 | 860829 | $82,655 |
| Shamrock Federal | Shamrock | TX | 881014 | 881014 | $82,552 |
| First Federal Savings Bank | Waterloo | IA | 880311 | 880311 | $82,466 |
| First FS&LA of Hammonton | Hammonton | NJ | 880525 | 880525 | $82,009 |
| First Dearborn | Dearborn | MI | 881216 | 881216 | $78,745 |
| Citizens | Seattle | WA | 851201 | 851201 | $78,018 |
| First Federal Savings | Hagerstown | MD | 870320 | 870320 | $77,866 |
| St. Louis | Clayton | MO | 861222 | 861222 | $75,107 |
| First FS&LA | Big Spring | TX | 881222 | 881222 | $73,815 |
| New Orleans | New Orleans | LA | 860620 | 850625 | $73,507 |
| Community First Federal | Vancouver | WA | 881215 | 881215 | $73,319 |
| United First | Boise | ID | 870702 | 870702 | $73,245 |
| Jackson County FSA | Medford | OR | 881230 | 881230 | $72,446 |
| First Western S&LA | Colorado City | TX | 881222 | 881222 | $72,076 |
| Security S&LA | Dickinson | TX | 880513 | 880513 | $70,843 |
| Northwest | Spencer | IA | 881230 | 881230 | $66,541 |
| Guaranty | Harrison | AR | 870107 | 851206 | $64,079 |
| Ohio Valley | Steubenville | OH | 881217 | 881217 | $63,182 |
| Lee Savings Association | Giddings | TX | 881229 | 881229 | $62,677 |
| OK Federal | El Reno | OK | 870731 | 870731 | $62,204 |
| Skyline Savings Association | Dallas | TX | 880818 | 880818 | $61,321 |
| Investors Federal Bank | El Reno | OK | 880325 | 870618 | $60,009 |
| Reliance Savings Association | Houston | TX | 881222 | 881222 | $59,854 |
| Ramona | Fillmore | CA | 880226 | 860912 | $59,454 |
| Sierra | Denver | CO | 860228 | 850809 | $56,310 |
| Provident | Boise | ID | 870702 | 870202 | $54,583 |
| First FS&LA of Brainerd | Brainerd | MN | 880826 | 880826 | $54,434 |
| First Federal | Shawnee | OK | 880408 | 880408 | $54,056 |
| Crescent Savings Bank | New Orleans | LA | 860620 | 850625 | $53,664 |
| Independence S&LA | Gonzales | TX | 881229 | 881229 | $53,213 |
| National Permanent Bank | Washington | DC | 860801 | 860801 | $52,892 |
| United Bank | San Francisco | CA | 860328 | 860328 | $51,973 |
| First Financial Bank | New Orleans | LA | 850502 | 850502 | $51,544 |
| Kingfisher FS&LA | Kingfisher | OK | 880831 | 880831 | $50,255 |