Failures of all Institutions for the United States and Other Areas

Transaction Types Institutions have been resolved through several different types of transactions. The transaction types outlined below can be grouped into three general categories, based upon the method employed to protect insured depositors and how each transaction affects a failed/assisted institution's charter. In most assistance transactions, insured and uninsured depositors are protected, the failed/assisted institution remains open and its charter survives the resolution process. In purchase and assumption transactions, the failed/assisted institution's insured deposits are transferred to a successor institution, and its charter is closed. In most of these transactions, additional liabilities and assets are also transferred to the successor institution. In payoff transactions, the deposit insurer - the FDIC or the former Federal Savings and Loan Insurance Corporation - pays insured depositors, the failed/assisted institution's charter is closed, and there is no successor institu