Click on graph for larger image in new window.
So far there have been 52 FDIC bank failures in 2009.
It appears the pace has picked up lately (12 bank closings over the last two weeks).
This is nothing compared to the S&L crisis. There were 28 weeks during the S&L crisis when regulators closed 10 or more banks, and the peak was April 20, 1998 with 60 bank closures (there were 7 separate weeks with more than 30 closures in the late '80s and early '90s).
Friday, July 3, 2009
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