Banking on FDIC

List of Troubled Banks at 16-Year Peak, F.D.I.C. Says - NYTimes.com: "After weathering the nation’s worst run of bank failures in nearly two decades, the Federal Insurance Deposit Corporation announced Tuesday that it had added 450 institutions to its list of challenged lenders in 2009 and warned that the industry was likely to remain under stress.

The number of so-called problem banks rose to 702 at the end of 2009, compared to 252 at the beginning of the year. Both the number of troubled institutions and their total assets are at the highest level since 1993, putting enormous strain on the government-administered insurance fund that protects customer deposits."