Banking Fact of the Day
Submitted by CARPE DIEM
Number of bank failures this year so far: 45 (FDIC data here, click on “Produce Report”).
Total Assets of the 45 failed banks: $36.965 billion
Total Bank Assets of All 8,246 FDIC-insured banks: $13.542 trillion (data here)
Failed Bank Assets as a Percent of Total Bank Assets: .27% (or about 1/4 of 1%)
Bottom Line: The worst of the banking crisis is behind us, the percent last year was 2.69%.
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