FDIC DIF Cannot Cover All DepositsSubmitted by NY4RP on Sat, 08/18/2012 - 22:37
excerpt from problembanklist:
Why Are Problem Banks Allowed To Stay Open?
The reason regulators do not close more insolvent banks may be due to the fact that the FDIC Deposit Insurance Fund (DIF) had a balance of only $15.3 billion at March 31, 2012. A number of large banking failure could deplete the entire insurance fund and cause panic among bank depositors. The DIF reserve ratio at March 31, 2012 was 0.22% percent, far below historical ratios. The FDIC is currently backing every $1 million dollar of deposits with only $2,200 of reserves. The FDIC currently provides deposit insurance on $7.03 trillion.
also search the unofficial problem bank list for your bank @