Tag Archives: banks

FDIC Bank Failure Data

The FDIC publishes a list of banks closed by the Office of Thrift Supervision for which it has acted as the conservator.

Since February of 2007, this includes 428 banks in 41 states with a mean of 2.06 bank failures per state per year subsequent.

The states with the highest number of failed banks are as follows:

  1. Georgia (47)
  2. Florida (60)
  3. Illinois (48)
  4. California (38)
  5. Minnesota (19)
  6. Washington (17)
  7. Missouri (12)
  8. Arizona (12)
  9. Michigan (12)
  10. Nevada (11)

The states with the highest value of bank assets at closure are as follows:

  1. Nevada ($315.9B)
  2. California ($105.7B)
  3. Florida ($36.3B)
  4. Illinois ($33.5B)
  5. Alabama ($31.0B)
  6. Puerto Rico ($20.4B)
  7. Texas ($19.2B)
  8. Ohio ($12.9B)
  9. Washington ($10.6B)
  10. Colorado ($8.2B)

The states with the highest shortfall of deposits relative to assets are as follows:

  1. Nevada ($120B)
  2. California ($30.7B)
  3. Alabama ($25.8B)
  4. Texas ($14.5B)
  5. Florida ($7.6B)
  6. Puerto Rico ($5.6B)
  7. Ohio ($4.1B)
  8. Illinois ($3.5B)
  9. Arkansas ($1.9B)
  10. Washington ($1.3B)

In the last two lists, Nevada and California together make up over half of the total assets/shortfall.

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Filed under Consumer, Economics

Paradox of the Modern Monetary Age

from The Fractal Character Of the Current Bank Run by Jeffrey Snider (RCM, 9/23/2011)

Therein lies the paradox of the modern monetary age. The more the Fed tries to fix the banking system, the more it constrains it within a state of criticality. And owing largely to the myth of protracted nonneutrality, the critical state banking system keeps the real economy in an equally self-similar critical state.

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Filed under Economics, Politics

FRED Charts, Pt. 2 – Money, Velocity & Savings

St. Louis Federal Reserve Economic Data

St. Louis Adjusted Monetary Base (BASE)

Excess Reserves of Depository Institutions (EXCRESNS)

Velocity of M2 Money Stock (M2V)

Total Savings Deposits at all Depository Institutions (SAVINGS)

Updated 8/21: Added Excess Reserves of Depository Institutions

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Filed under Consumer, Economics, Politics, Zeitgeist