FDIC Fund Sinks Into the Red

http://online.wsj.com/article/SB125907631604662501.html?mod=WSJ_hpp_MIDDLTopStories

The government insurance fund that protects more than $4.5 trillion of U.S. bank deposits slipped into the red at the end of September, after fifty banks collapsed during the third quarter.

The deposit insurance fund dropped by $18.6 billion during the third quarter of 2009 to negative $8.2 billion, as the Federal Deposit Insurance Corp. set aside $21.7 billion in provisions for additional bank failures. This is the second time in the agency's history that the balance has fallen into negative territory.

Tracking the Nation's Bank Failures

http://s.wsj.net/public/resources/documents/info-Failed_Banks-sort.html

FDIC Weighs Extraordinary Steps to Shore up Fund

http://finance.yahoo.com/news/FDIC-weighs-extraordinary-apf-3266069115.html?x=0

The Federal Deposit Insurance Corp. is weighing several costly -- and never-before-used -- options as it struggles to shore up the dwindling fund that insures bank deposits.

The agency is considering borrowing billions from healthy banks.

The FDIC is going to bail itself out with money from banks which itself insures? Are you serious!