A Case for Reforming Federal Deposit Insurance: Table 2
Number, Deposits and Assets of Insured Banks Closed Because of Financial Difficulties, 1934-1988
|
|
|
(in millions of dollars) |
|
|---|---|---|---|
|
Year* |
Banks Closed |
Total Deposits |
Total Assets |
|
1934-39 |
52.5 |
49 |
57 |
|
1940-44 |
17.0 |
41 |
47 |
|
1945-49 |
3.0 |
6 |
6 |
|
1950-54 |
3.0 |
12 |
6 |
|
1955-59 |
3.2 |
9 |
8 |
|
1960-64 |
3.2 |
13 |
17 |
|
1965-69 |
5.6 |
44 |
52 |
|
1970-74 |
4.8 |
551 |
1,083 |
|
1975-79 |
10.4 |
475 |
564 |
|
1980 |
10 |
216 |
236 |
|
1981 |
10 |
3,826 |
4859 |
|
1982 |
42 |
9,908 |
11,632 |
|
1983 |
48 |
5,442 |
7,027 |
|
1984 |
79 |
2,883 |
3,276 |
|
1985 |
120 |
8,059 |
8,741 |
|
1986 |
138 |
6,471 |
6,992 |
|
1987 |
184 |
6,282 |
6,851 |
|
1988 |
200 |
n.a. |
n.a. |
Source: Federal Deposit Insurance Corporation
* Data reported for the years 1934-1979 are annual averages.
