Tuesday, September 18, 2012
FDIC Problem Bank List Decreases to 10-Quarter Low
More Than a Year Since Last New Charter
During the second quarter, the number of insured institutions reporting financial results declined from 7,308 to 7,246. Forty-five institutions were merged into other institutions, and 15 institutions failed. No new charters were added during the quarter. This is the fourth quarter in a row in which no new charters have been added. It has been more than six quarters since the last time a new charter was created other than to absorb a failing bank.
The number of full-time equivalent employees at FDIC-insured institutions increased from 2,102,280 to 2,108,200.
The number of institutions on the FDIC’s “Problem List” fell for a fifth consecutive quarter, from 772 to 732. Total assets of “problem” institutions declined from $291 billion to $282 billion.
FDIC Problem Banks by Quarter