Three banks on Friday

Three banks failed on Friday, June 4, raising the number of banks which have failed so far this year to 81.  That’s an average of .5226 banks per day, down from last week’s cumulative daily YTD rate of .5270.

The rate for 2009 was .38 banks per day. The rate for 2008 was .07 banks per day.

The estimated cost to the DIF of Friday’s failures is $313.6 million, compared to the previous Friday’s cost of $317 million, almost a dead heat.  The cumulative average daily DIF cost YTD is $110 million, down from last week’s $113 million.  So far this year, the estimated total DIF cost is $17.054 billion.

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