For all of 2008, insured institutions earned $16.1 billion, a decline of 83.9 percent from 2007 and the lowest annual total since 1990.
Sounds bad. Guess that why the bank index is down like 80%
The FDIC's "Problem List" grew during the quarter from 171 to 252 institutions, the largest number since the middle of 1995. Total assets of problem institutions increased from $115.6 billion to $159 billion.
that is not a good figure to be increasing
Loan-loss provisions totaled $69.3 billion in the fourth quarter, a 115.7 percent increase from the same quarter in 2007.
Just think we are not done yet.
At the end of 2008, a total of 2.93 percent of all loans and leases were noncurrent, the highest level for the industry since the end of 1992.
And we are just now getting the big unemployment numbers. Since the last 2 million where just lost in the last 5 months.
In addition to having $19 billion available in the fund, $22 billion has been set aside for estimated losses on failures anticipated in 2009. The fund reserve ratio declined from 0.76 percent at September 30 to 0.40 percent at year end.
I am guess the FDIC fee's that banks pay will increase. FDIC is reaching a crises point in terms of failures and money. And we have not yet reach the peak of the problem
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