How big the banking crisis has become?

Here are some details on the bank failure;

1. The 10 banks taken over by the FDIC had just under $40 billion of assets in total.
2. The total assets of the 10 largest banks in the U.S. is a combined $6 trillion.
3. Total assets of all 8,451 FDIC insured institutions is $13.3 trillion.
4. Percentage of failed assets, year to date, of total: 0.3%. Or written as a decimal: 0.003 of all banking assets were in failed banks so far this year.

In comparison, during the Savings and Loan debacle of the 1980’s and early 1990’s there were over 1,000 federally insured S&L’s dissolved.

The Resolution Trust Corp. took down 747 institutions over 6 years, or a rate of 125 per year.

The current situation is showing no signs of getting anywhere near those levels.

.