The U.S. bank-owned life insurance (BOLI) asset total increased to about $140 billion at the end of the third quarter of 2010, up 4.8% from the total recorded a year earlier, according to Michael White Associates L.L.C.
Michael White, Radnor, Pa., has included BOLI assets held by large 915 large bank holding companies (BHCs) and 7,760 stand-alone banks, thrifts and Federal Deposit Insurance Corp.-supervised savings banks.