The total FDIC managed bank failures in 2010 has reached 81 in number. The rate of failure in this third year of the current era of financial crisis is higher than the previous two years as shown in the following graph, courtesy of The Chart Store (click to enlarge):
The total assets of failed banks in 2010 are $75.4 billion with deposits totaling $63.1 billion. The FDIC failure list can be reviewed at FDIC.gov.
Calculated Risk maintains a problem bank list compiled by reviewing public news information on banks. The list is currently at 762. The banks now on the list have total assets of $385.9 billion. This is five times the assets of the banks that have already failed. The list is updated through June 4 and the three failures this week have been removed from the list.
Bloomberg has reported that the FDIC had 775 banks on its problem list at the end of the first quarter. This number is slightly higher than the current number at Calculated Risk. The FDIC list is confidential so only the total number is known. The institutions on the problem bank list at Calcuated Risk are identified by name.
Hat tip to Barry Ritholtz at The Big Picture.
Disclosure: No positions.
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