FDIC list of troubled 100 banks unavailable- How is my Bank?

Question

They won't say which bans are hanging over the abyss. Other than stock prices, is there any way to find out about a particular banks' solvency issues, if any?

Answer 1

The FDIC does not list troubled banks directly on its website, but while you're there, click on the tab "Industry Analysis"  At the bottom of that page you'll find a link to rating services.  Click on that, and scroll down to BauerFinancial.  It's a free rating service; just type in the name of your bank and it will give it a 1 to 5 star rating.

Answer 2

I've read somewhere that there are about $2.6 trillion dollars in uninsured deposits in US banks.  A lot of that money is probably in corporate accounts that belong to private companies.  But probably quite a few private individuals also have more money in their accounts than the $100,000 FDIC insurance limit.

I don't think it's safe to keep more than $100,000 at any bank.  Because any bank can become insolvent.  And every bank tries to hide its losses as much as possible in order to avoid a run on the bank by nervous depositors.  The good reputation of any bank can be just an illusion due to lack of accurate information from that bank.

Keeping the money under the mattress isn't safe either due to possible devaluation through inflation.  Money is not real wealth anyway.   Money is simply a bunch of IOU's that promise to deliver services and goods.  

I suggest that you convert these promises into real goods.  And then you won't have to worry about whether people will ever deliver on these promisory notes that you hold.

Answer 3

The most important thing for you to know is that your balance is guaranteed  up to $100,000 by the FDIC and there for by the United States.  So unless you own the bank stock or have more than $100,000 in deposit there you have nothing to worry about.  The FDIC won't release which banks are in trouble because if they did that it would be disaster to the named banks.