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As Bank Woes Ease the FDIC's Fund is Building Up
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Sheila Bair, chairwoman of the the FDIC, says the banking industry is showing "continuing signs of improvement, and the process of repairing bank balance sheets is well along, but not yet complete." The bank failures are easing and the FDIC insurance fund which had a negative balance of $7.4 billion at the end of 2010, now has a negative balance of $1 billion. It should turn positive by July 2011 when Bair's five year term ends.
U.S. Small Bank's Failure rate and the FDIC.
10/06/2009
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Sheila Bair at the FDIC lauded for her anticipation and comprehensive approach to the banking and credit crisis.
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