The Seamen's Bank for Savings, FSB
New York City, NY
$3.4B
total assets, March 31, 1990
$3.4B
total assets, March 31, 1990
The Seamen's Bank for Savings, FSB was a savings bank in New York City, NY. It failed on Apr 18, 1990, and The Chase Manhattan Bank(na took over its deposits. At its last report it held $3.4 billion in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Apr 18, 1990
- Assets
- $3.4B
- Deposits
- $2.1B
- Estimated cost
- $148M
- Deposits went to
- The Chase Manhattan Bank(na, New York, NY
Total assets
$3.4B
-26.5% in a year · -11.5% in a quarter
Deposits
$2.1B
-15.1% in a year · -5.0% in a quarter
Loans
$869M
-15.1% in a year · -7.7% in a quarter
Profit so far
-$37.8M
Jan 1 to Mar 31, 1990
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-4.18%
-3.20 pts in a year
Facts
- Type
- Savings bank
- Head office
- 30 Wall Street, New York City, NY, 10005
- County
- New York
- Established
- May 11, 1829
- Failed
- Apr 18, 1990
- Employees
- 329
- Id
- b16070
Quarter by quarter
March 31, 1984 to March 31, 1990
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 The Seamen's Bank for Savings, FSB?
$3.4 billion in total assets and $2.1 billion in deposits as of March 31, 1990, with assets down 26.5% from a year before. Its loans were $868.8 million.
Is The Seamen's Bank for Savings, FSB profitable?
No: it lost $37.8 million from January 1 to March 31, 1990. Its return on assets was -4.18% a year; about 1% is typical.
When did The Seamen's Bank for Savings, FSB fail?
Apr 18, 1990. The Chase Manhattan Bank(na of New York, NY took over its deposits. The estimated cost of the failure was $148.0 million.
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.