Tuesday, June 30, 2009

Banking Math

Interesting banking figures from Mark Perry:

Number of bank failures this year so far: 45
Total Assets of the 45 failed banks: $36.965 billion
Total Bank Assets of All 8,246 FDIC-insured banks: $13.542 trillion
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 seems to be behind us, the percent last year was 2.69%.

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