Just some data, if anyone is interested:
By Daniel at 5 December, 2009, 12:56 pm
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In the last 5 weekends FDIC closed 24 banks.
Total assets: $48B hit to the FDIC fund: $7.4B
Average closed bank size (by assets) grew to $1,447m in Q4 vs. $1,364m/Q3, $1,106m/Q2, $440m/Q1
The only good in the numbers is, the average cost to the FDIC as a ratio to the assets are shrinking. But that’s good news for the FDIC not for the failing banks. (They could sell the big ones with small losses in this Q)
Without the big ones the ratio is around 30% loss to FDIC on the assets almost in all Qs.
2009 totals until now:
$154.6B in assets closed with a cost of $34.3B
Q4 50,640 / 8,180 (as of Dec 4)
Q3 68,203 / 14, 888
Q2 25,564 / 9,018
Q1 9,242 / 2,177
- Roka
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