Banking Fact of the Day
"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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