FDIC Problem List Now 252 Banks

From FDIC Press Release (here):

For all of 2008, insured institutions earned $16.1 billion, a decline of 83.9 percent from 2007 and the lowest annual total since 1990. Twelve FDIC-insured institutions failed during the fourth quarter and one banking organization received assistance. During the year, a total of 25 insured institutions failed. The FDIC’s “Problem List” grew during the quarter from 171 to 252 institutions, the largest number since the middle of 1995. Total assets of problem institutions increased from $115.6 billion to $159 billion.

Bank Stress Test Macro Assumptions

From the FDIC (here), the macroeconomic scenarios for the stress test:

Economic Scenarios: Baseline and More Adverse Alternatives
2009		2010
Real GDP1
Average Baseline2	‐2.0		2.1
Consensus Forecasts	‐2.1		2.0
Blue Chip	‐1.9		2.1
Survey of Professional Forecasters	‐2.0		2.2
Alternative More Adverse	‐3.3		0.5
Civilian unemployment rate3
Average Baseline2	8.4		8.8
Consensus Forecasts	8.4		9.0
Blue Chip	8.3		8.7
Survey of Professional Forecasters	8.4		8.8
Alternative More Adverse	8.9		10.3
House prices4
Baseline	‐14		‐4
Alternative More Adverse	‐22		‐7
1. Percent change in annual average. 2. Baseline forecasts for real GDP and the unemployment rate equal the average of projections released by Consensus Forecasts, Blue Chip, and Survey of Professional Forecasters in February. 3. Annual average. 4. Case‐Shiller 10‐City Composite, percent change, fourth quarter of the previous year to fourth quarter of the year indicated.