Insured deposits have grown over the past five years at an average annual rate of nearly 4% for members of the Bank Insurance Fund (BIF) and more than 5% for members of the Savings Association Insurance Fund (SAIF), both funds of the Federal Deposit Insurance Corporation. This robust deposit growth, coupled with the increased costs associated with bank and thrift failures from 2000 to 2003, has had a small but detrimental impact on the two funds.
Suggested citation: "FDIC Funds," Federal Reserve Bank of Cleveland, Economic Trends, no. 04-06, pp. 16-17, 06.01.2004.