The number of bank failures rises to 78 so far this year as 3 banks in Florida, 1 in Nevada, and 1 in California shut down on Friday, May 28. The number of banks expected to fail this year is more than 140, the number of failed banks in 2009.
Congressional investigators will audit the Fed’s use of emergency lending authority since December 2007. The Fed will need to disclose which banks received help.
Here is a list of all banks which have failed since October 1, 2000. It will be interesting to see how this information compares to the Feds listed of bailed out banks.