$9.8B
total assets, September 30, 1989
City Federal Savings Bank was a savings bank in Elizabeth, NJ. It failed on Dec 8, 1989, and Branch Sale took over its deposits. At its last report it held $9.8 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Dec 8, 1989
- Assets
- $9.8B
- Deposits
- $7.3B
- Estimated cost
- $1.6B
- Deposits went to
- Branch Sale, None, NA
Total assets
$9.8B
-9.0% in a year · -5.0% in a quarter
Deposits
$7.3B
-2.4% in a year · -0.8% in a quarter
Loans
$6.0B
-7.1% in a year · -4.1% in a quarter
Profit so far
-$236M
Jan 1 to Sep 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-3.07%
-3.06 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1141 E Jersey Street, Elizabeth, NJ, 07201
- County
- Union
- Established
- Jan 1, 1910
- Failed
- Dec 8, 1989
- Id
- b28406
Quarter by quarter
March 31, 1984 to September 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is City Federal Savings Bank?
$9.8 billion in total assets and $7.3 billion in deposits as of September 30, 1989, with assets down 9.0% from a year before. Its loans were $6.0 billion.
Is City Federal Savings Bank profitable?
No: it lost $236.4 million from January 1 to September 30, 1989. Its return on assets was -3.07% a year; about 1% is typical.
When did City Federal Savings Bank fail?
Dec 8, 1989. Branch Sale of None, NA took over its deposits. The estimated cost of the failure was $1.6 billion.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.