U.S., closed two more banks, a total of 36 so far this year

Over the weekend two more banks in the U.S. were closed .
The Strategic Capital Bank and Citizens National Bank, Illinois, were closed for insolvency by the Federal Deposit Insurance Corporation (FDIC), the guarantee fund of the U.S. current account.
With these two the number of banks closed so far this year in the U.S. get to 36, compared with 25 who had failed in 2008, including Lehman Brothers, and only 3 failed banks in 2007.
The guarantee fund (FDIC) will guarantee the deposits of savers, this will entail a cost of $ 173 million for deposits of Strategic Capital Bank, and a cost of $ 106 million for the deposits of Citizens National Bank.
The FDIC, which is funded by fees paid by banks, insures individual deposits up to $ 250,000. The guarantee fund (FDIC) expects to lose $ 70 billion over the next five years to cover bank failures. This week, President Obama has increased the amount that the FDIC may borrow from the Treasury of the United States by bringing $ 30 billion to $ 100 billion.

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