Go to the FDIC website at www.fdic.gov. From the drop-down menu in the top right corner, click on “Institution &

Asset Sales,” then click on “Historical Sales,” and then on “Closed Loan Sales.” Then click “Find” to get information on recent loan sales by banks.

Questions 1 What percentage of the current year’s loan sales consisted of performing versus nonperforming loans?

2 What price did banks get on average for their nonperforming loans as a percent of book value of those loans?

3 What price did banks get on average for their performing loans as a percent of book value of those loans?

AppendixLO1