BOLI Solutions Group (BSG) maintains a comprehensive database of information about every FDIC-insured financial institution and bank holding company in the U.S. The proprietary BOLItracker™ database reveals the following information as of December 31, 2009:
| Total number of institutions*: |
|
7,121 |
| |
| Total employees (full-time equivalent): |
|
2.5 million |
| |
| Aggregate BOLI cash values**: |
|
$139.6 billion |
| |
| Aggregate Remaining Regulatory BOLI capacity: |
|
$229.6 billion |
|
|
* multi-bank holding companies considered to be single institutions
**includes $16.9 billion of BOLI held by parent holding companies
|
The BOLItracker™ also reveals the following information about new BOLI purchases and net interest returns.
| Aggregate BOLI Purchases*** ($ millions) |
| |
Asset Size |
|
|
|
|
|
2009 |
| |
| less than $2 billion |
|
$1,186 |
|
$815 |
|
$392 |
| |
| $2 billion or more |
|
$12,016 |
|
$2,111 |
|
$705 |
|
|
*** does not include exchanges of BOLI from one product or insurance company to another
|
| BOLI Average Net Interest Returns**** |
| |
Asset Size |
|
|
|
|
|
2009 |
| |
| less than $2 billion |
|
3.92% |
|
3.94% |
|
3.85% |
| |
| $2 billion or more |
|
4.12% |
|
3.49% |
|
3.43% |
|
|
****based on a thorough analysis of reported cash values, noninterest income and purchases from
more than 2,200 banks owning $1 million or more of BOLI. Does not include death proceeds.
|
