How much usually can get back with uninsured deposit, like indymac bank?

Question

Anybody can anylyze the percentage of uninsrued deposit funds people can get on Indymac Bank's bust.

Answer 1

back in 1991 I got nothing- NOTHING-back on uninsured deposits when my bank was closed down.

Answer 2

There is no usual with a bank default.  Depends on the assets or lack thereof.  You won't necessarily get back zero.

Answer 3

I can!  0.   0%.   You're not going to see a dime over the $100,000 insured limit.

Answer 4

I think there might be a reason to be optimistic about recovering a substantial percentage of uninsured deposits at IndyMac.

Please have a look at the the following:

http://www4.fdic.gov/DIVWE/index.asp?det...

It shows the uninsured depositor dividends that the FDIC has paid out for bank failures since 2000 or so. The FDIC appears to be very good at preserving the value of bank portfolios for eventual distribution to uninsured depositors. Note that in most cases, when the FDIC paid a dividend of 50% or higher within a couple of months of taking over a bank, the total dividend payout approached or exceeded 90%.

The FDIC declared an initial dividend of 50% for IndyMac. If history is any guide, depositors might get back around 90% of their uninsured deposits when the dust settles -- 50% now and 40% over the coming months.

Let's all keep our fingers crossed that the FDIC can keep IndyMac's Alt-A mortgage portfolio performing by modifying loan terms...

P.S. Much of this analysis comes from an answer I gave to another question concerning uninsured deposits at IndyMac.