Working Paper Series
Loss Given Default for Commercial Loans
at Failed Banks
Lynn Shibut
Federal Deposit Insurance Corporation
Ryan Singer
Federal Deposit Insurance Corporation
Current Version: October 2015
FDIC CFR WP 2015-06
fdic.gov/cfr
NOTE: Staff working papers are preliminary materials circulated to stimulate discussion and critical
comment. The analysis, conclusions, and opinions set forth here are those of the author(s) alone and do
not necessarily reflect the views of the Federal Deposit Insurance Corporation. References in publications
to this paper (other than acknowledgment) should be cleared with the author(s) to protect the tentative
character of these papers.
Loss Given Default for Commercial Loans
at Failed Banks
Lynn Shibut
Federal Deposit Insurance Corporation
Ryan Singer
Federal Deposit Insurance Corporation
Current Version: October 2015
FDIC CFR WP 2015-06
fdic.gov/cfr
NOTE: Staff working papers are preliminary materials circulated to stimulate discussion and critical
comment. The analysis, conclusions, and opinions set forth here are those of the author(s) alone and do
not necessarily reflect the views of the Federal Deposit Insurance Corporation. References in publications
to this paper (other than acknowledgment) should be cleared with the author(s) to protect the tentative
character of these papers.
1
Loss Given Default for Commercial Loans at Failed Banks
Lynn Shibut and Ryan Singer
October 2015
Lynn Shibut is a Senior Economist, and Ryan Singer is an Economic Analyst, in the Division of
Insurance and Research of the Federal Deposit Insurance Corporation (FDIC). Shibut is the
corresponding author and can be reached at lshibut@fdic.gov.
We are very grateful to Eric Breitenstein, A. J. Micheli and Lily Freedman for research assistance
and Chris Blair, Derek Johnson, Emily Johnston-Ross, John Krainer, Jack Reidhill, George Shoukry
and Haluk Unal for useful comments. All errors are our own. The opinions expressed in this paper
are those of the authors and not necessarily those of the FDIC.
Loss Given Default for Commercial Loans at Failed Banks
Lynn Shibut and Ryan Singer
October 2015
Lynn Shibut is a Senior Economist, and Ryan Singer is an Economic Analyst, in the Division of
Insurance and Research of the Federal Deposit Insurance Corporation (FDIC). Shibut is the
corresponding author and can be reached at lshibut@fdic.gov.
We are very grateful to Eric Breitenstein, A. J. Micheli and Lily Freedman for research assistance
and Chris Blair, Derek Johnson, Emily Johnston-Ross, John Krainer, Jack Reidhill, George Shoukry
and Haluk Unal for useful comments. All errors are our own. The opinions expressed in this paper
are those of the authors and not necessarily those of the FDIC.