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July 22, 2009


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aion kinah

Nor do bank closures paint the whole picture of economic crisis – in the current financial crisis, many of the most spectacular failures or bailouts have been of non-bank financial institutions.


In addition to raw number of banks, it'd be great to see (failed deposits)/(total deposits) in order to get an idea of true magnitude.

Kim Krawiec

It would Craig. Perhaps the FDIC deposit fund and reserve numbers provide some insight here? In short, I think a variety of relevant measures beyond the number of FDIC closures are available, but aren't as up to date or widely-accessible as the failed institution count. FYI -- the pace of failures has accelerated in the past few weeks. The new estimate is 125-150 failures for 2009.

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