By the Numbers: Banking woes
This year’s three major bank failures renew concerns about the financial industry
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The estimated balance of the Federal Deposit Insurance Corporation’s insurance fund—the lowest amount since 2018—after the May 1 failure of First Republic Bank. The FDIC, funded by bank premiums, had $128.2 billion in its fund at the end of 2022, before the collapse of three large banks this year.
The share of deposits withdrawn from First Republic Bank in the first quarter this year, according to an April 24 earnings call.
The value of deposits pulled out of small banks in the United States in the two weeks ending March 22, according to the Federal Reserve Bank of St. Louis.
The number of regional banks that had their credit ratings downgraded by Moody’s last month.
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