FDIC Release New Data on Troubled Banks
There are now 117 troubled banks...up from 90 last quarter.
Of even more concern, IMO, is that the insurance fund now has a ratio of 1.01 reserves to losses. The decline in the fund balance caused the reserve ratio to fall to 1.01 percent as of June 30th from 1.19 percent one quarter earlier. Because the reserve ratio is now below 1.15 percent, the Federal Deposit Insurance Reform Act of 2005 requires the FDIC to develop a restoration plan that will raise the reserve ratio to no less than 1.15 percent within five years.
Here is a link that might be useful: FDIC News Release