At 3/31/09, the DIF had $41.5 billion worth of reserves to handle bank failures, a total that included $28.5 billion of reserves for future failures along with the $13.0 billion balance remaining in the fund after subtracting liabilities from assets.Isn't that about negative $3 billion? Wow, I'd hate to see the overdraft fees for that one!
At the end of Q2, FDIC charged banks a special assessment that they estimated would raise an additional $5.6 billion.
Since the end of Q1, there have been 51 bank failures, which in total the FDIC estimates will cost the DIF $16.1 billion. This includes the bank failures above.
In unrelated news, we've recently had flights of the F-22 Raptor overhead, apparently coming out of the Colorado Springs area. Must be training for something.