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FDIC Has lost $1 BILLION!

April 30, 2011
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The total loss to the Deposit Insurance Fund (DIF) and loss-share tranactions is $964.50 million.
There are 984 “troubled” banks with 39 closed so far this year.

FDIC Bank Failures

Year No. of Failed Banks Total Assets of Failed Banks Loss to FDIC’s DIF
2007 3 $2,602,500,000 $113,000,000
2008 25 $373,588,780,000 $15,708,200,000
2009 140 $170,867,000,000 $36,432,500,000
2010 157 $96,514,000,000 $22,355,300,000
2011 39 $17,012,700,000 $3,143,800,000
Total 364 $660,584,980,000 $77,752,800,000

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