U.S. Bank Failures - 2009 Update

Here are a few charts of U.S. bank failures going back to the mid-1930's, with a 2009 update.

I wanted to take a look at how the number of bank failures have occurred in 2009 in comparison to historical times.

I used data from the FDIC's website here: FDIC U.S. Bank Failure Data

Included on the charts below are banking institutions that have required major financial assistance as well as complete failures.

The first chart below displays U.S. bank failures going back to 1934, which was as far back as the FDIC data went. Each bar is one year in this chart.

Historical U.S. Bank Failures

The second chart below displays data for 2009 only, with each bar representing one month.

U.S Bank Failures 2009

On the second chart, I added a trend line showing the average as the year has passed as well as continued the trend line into next year with the projected forecast moving ahead at the same rate as 2009.

This projected forecast trend line does not mean it will continue higher forever. Only that at the current rate of U.S. bank failures each month, this is the path it will take into next year.

All data on the charts has been updated thru the date shown on each chart. I'll revisit this data as we get into the new year (2010) and hopefully the trendline starts to move lower, not continue higher.

To see what happened in 2010, take a look at the page I've added on 2010 US Bank Failures




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