Saturday, May 29, 2010

Bank Failures per Week

by Bill McBride on 5/29/2010 09:41:00 PM

I haven't updated this graph for some time ...

There have been 246 bank failures in this cycle (starting in 2007):

FDIC Bank Failures by Year
20073
200825
2009140
201078
Total246

FDIC Bank Failures Click on graph for larger image in new window.

This graph shows bank failures by week in 2008, 2009 and 2010.

The 140 bank failures last year was the highest total since 1992 (181 bank failures).

As the previous post noted, banks are being added to the unofficial problem bank list much faster than they are being removed ... and it looks like there will be something close to 200 failures this year. That is more than in 1992, but probably less than the 271 in 1991. Bank failures peaked at 534 in 1989 during the S&L crisis.

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