Graph of the Day for September 2, 2010

Randall Hoven
"Our government provides deposit insurance and other safeguards and guarantees to firms that operate banks.  We do so because a stable and reliable banking system promotes sustained growth, and because we learned how dangerous the failure of that system can be during the Great Depression."  President Obama, January 2010.


Source:  CNN Money.


Hoven's Index for September 2, 2010

Number of banks on the FDIC's Failed Bank list (and rate per month):

Failed in 2010 (through Aug. 30):  118 (14.74/mo)

In all of 2009:  140 (11.67/mo)

In 2008:  25 (2.08/mo)

In 2007:  3 (0.25/mo)

In 2005 and 2006:  0


Source:  FDIC.

 
Graph of the Day Archive.

"Our government provides deposit insurance and other safeguards and guarantees to firms that operate banks.  We do so because a stable and reliable banking system promotes sustained growth, and because we learned how dangerous the failure of that system can be during the Great Depression."  President Obama, January 2010.


Source:  CNN Money.


Hoven's Index for September 2, 2010

Number of banks on the FDIC's Failed Bank list (and rate per month):

Failed in 2010 (through Aug. 30):  118 (14.74/mo)

In all of 2009:  140 (11.67/mo)

In 2008:  25 (2.08/mo)

In 2007:  3 (0.25/mo)

In 2005 and 2006:  0


Source:  FDIC.

 
Graph of the Day Archive.