Tracking the Nation's Bank Failures

The FDIC announced that its "problem bank" list has grown to 416 banks, an increase of 111 banks since last quarter according to The Wall Street Journal (subscription required). If my math is correct (and my logic sound), the problem bank list has actually grown by close to 160 banks when one considers that bank failures in the last quarter totaled almost 50 banks.

While concerns grow that the FDIC's insurance fund is about to be consumed, the questions intensify over whether or not the FDIC may soon be forced to borrow from its $100 billion line of credit at the Treasury Department.

Within the online version of The Wall Street Journal (subscription required), they created this great little interactive tool to show readers which banks have failed this year, the size of the institution, the name of the rescuing bank and the cost to the FDIC

Honors for costing the FDIC insurance fund the most - IndyMac Bank at $8.9 billion.

Honors for being the biggest failure by asset size - Washington Mutual with $307 billion of assets.

The problem bank list still represents only 5 percent of all banks. There is still money available for all types of business borrowers with a variety of risk profiles. Even bank money.

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Tags : Problem Bank List , Failed Banks , FDIC , Washington Mutual , IndyMac Bank