FDIC sets aside 12B for future "likely" bank failures in 2009

Discussion in 'Economics' started by bond tr4der, Dec 22, 2008.

  1. http://www.fdic.gov/news/news/press/2008/pr08137.html

    The FDIC also announced that in the third quarter, the Deposit Insurance Fund (DIF) decreased by 23.5 percent ($10.6 billion) to $34.6 billion (unaudited). The reduction in the DIF was primarily due to an $11.9 billion increase in loss provisions for bank failures, which represents the estimated losses for FDIC-insured institutions that are likely to fail over the next 12 months.