March 17, 2009

Bank failures per month in Jan 2008 to Mar 2009

Yesterday I showed the rate of bank failures from 1980 to 2009. Today I'll look at the failures in 2008 & 2009 per month.

You can find information on bank failures at FDIC's page on Historical Statistics on Banking.

I pulled the information on the bank failure & assistance transactions for 2008 & 2009. Here is a chart showing the monthly trend:
From July 2008 to February 2009 it looked like bank failures might be increasing. But so far in March 2009 we've only had 1 failure. That could be a good sign.

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