U.S. Bank Failures per Year (FDIC)

## What this measures

The number of FDIC-insured institutions that failed in each calendar year since 1934, zero in years when none did, dated December 31.

## Why it matters

The annual count is the long view of banking crises: the 1930s tail, the savings-and-loan and banking crisis of the late 1980s and early 1990s, 2008–2011, and the quiet years between.

## How to read it

Read it with the assets of failed banks (credit.banks.failures.assets_annual). The current year is added once it ends; the quarterly series (credit.banks.failures.count_quarterly) shows the year so far.

## What it does not say

Open-bank assistance is not counted, and neither are credit unions. Savings institutions resolved by the Resolution Trust Corporation from 1989 to 1995 are included, as the FDIC’s file includes them.

## How it's built

Failures (resolution type "FAILURE") from the FDIC BankFind failures API plus any on the Failed Bank List not yet in the API, counted by year of failure.

## Source

Federal Deposit Insurance Corporation: BankFind Suite failures API (api.fdic.gov/banks/failures) and the Failed Bank List. Public domain (FDIC data catalog, U.S. public domain label). Source: FDIC. Refreshed weekly by /api/cron/credit-banks-sync.