PrintSeptember 2, 2010
Graph of the Day for September 2, 2010
"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.
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