How Safe is your Bank – a list of banks

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http://www.lewrockwell.com/blog/lewrw/archives/024615.html

List of Troubled Banks

Posted by Chris Brunner at December 29, 2008 02:04 PM

Ready to see where your bank stands?

A few days ago, a friend of mine called me to ask if I had any idea how to figure out which banks would be the next to fail. Some extensive googling revealed that while lists of troubled banks obviously exist, none of them seem to be readily available to the public. Why? Because the bankers do not want you to have this. Just watch the president of the American Bankers Association in this interview talk about how important it is to keep this private.

This is a list of all of the banks in the United States and the corresponding Texas Ratio for each one. Developed by Gerard Cassidy, the Texas ratio is a measure of a bank’s credit troubles. Basically, the higher the ratio, the worse the situation is for that particular bank. Banks with a ratio of 100 and higher are in very serious danger of collapse, and banks with a ratio of 50 or higher are vulnerable.

This is the formula I used:
100 * ((Non-performing Assets – U.S guaranteed loans) + Other REO) / (Equity + Loss Reserves)

All of this information is available on the FDIC website, but it’s extremely difficult to gather in a meaningful way. In fact, I don’t think you’ll find a list like this anywhere else on the internet.

http://www.lewrockwell.com/chris/banks/banks.html

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3 Responses to “How Safe is your Bank – a list of banks”

  1. The Intellectual Redneck Says:

    Have you been wondering who is responsible for the bank crisis and the failure of Fanny Mae and Freddie Mac? Every voting age American should be required to watch this video. The video is from 2004 Congressional hearings about regulating Fanny Mae and Freddie Mac. You will see Republicans pointing out problems and calling for more regulation of Fanny Mae and Freddie Mac. You will see Barney Frank, Maxine Waters and other Democrats denying there is a problem and criticizing the regulators and Republicans for trying to prevent the upcoming crisis. If this video doesn’t make you ashamed to be a member of the Democratic Party, nothing will.
    Proof positive that democrats are responsible for bank crisis

  2. flourishgrace Says:

    In my humble opinion, the handlers behind both parties are responsible, and the senate and house members are just for show, to convince the American people that the USA has ¨democracy¨. It is the big boys, the elites who decide everything important. Why blame the puppets?

  3. Brian Says:

    You can also check out real-time Texas Ratios and FDIC score here http://nuscho.com

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