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News Link • Economy - Economics USA

FDIC Lists 775 Problem Banks, But Has a Reserve Fund of - $ 20.7 Billion

The FDIC released the Q1 Quarterly Banking Profile today. The FDIC listed 775 banks with $431 billion in assets as “problem” banks in Q1, up from 702 banks with $403 billion in assets in Q4, and 305 banks and $220 billion in assets in Q1 of 2009.

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