FDIC Bank Insurance Fund at 25 Year Low

February 27, 2009

The NY Times is reporting that the FDIC’s bank deposit insurance fund is at a 25 year low, with $19 billion, down from $52 billion at the end of 2007.  The FDIC released their quarterly report which shows that banks lost $26.2 billion in the fourth quarter, the largest quarterly loss on record.

Source:  NY Times

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