Bank-own life insurance (BOLI) assets fell to about $122 billion March 31, down 1.6% from the total recorded a year earlier, according to Michael White Associates L.L.C.
MWA, Radnor, Pa., a bank insurance consulting firm, has published those figures in a report based on an analysis of data from 6,850 banks and federally supervised savings banks.
About 3,400 banks and savings banks reported having BOLI assets.