Want to know how solvent your bank (any bank) is?

[rpannier]

http://banktracker.investigativereportingworkshop.org/banks/

this site will allow you to check banks by name or by state and city

[CaliforniaPeggy]

1. Looks like it doesn't work on Credit Unions...

:shrug:

[rpannier]

2. Unfortunately it doesn't

I'll try and e-mail them and see if they have a list of Credit Unions

[CaliforniaPeggy]

3. Ah, no worries!

But thanks!

:hi:

[BlooInBloo]

8. BECU voluntarily makes their financials publically available (CEO/CFO cert)

http://www.becu.org/who-is/governance.aspx

Didn't realize til this thread got me looking. Very cool. I heart my CU more and more.

[dawgman]

4. IT seems as though there is a direct correlation

between the size of the banks and their troubles assets.

As I peruse the local Washington banks the smaller the band the higher the troubled assets.

Did the big boys recognize a problem and try to dupe the little guys?

[Maru Kitteh]

5. What do the trouble asset ratio numbers indicate?

This is the bank that has my mortgage.


HOW HEALTHY IS THIS BANK?
First National Bank of Omaha

Omaha, NE

* Troubled asset ratio, Dec. 2008 13.0
* National median, Dec. 2008 9.9
* Troubled asset ratio, Dec. 2007 8.1
* National median, Dec. 2007 5.0

[rpannier]

7. It's got a higher than average (national) amount of assets that are questionable

That's my understanding.

Probably the best way to understand it is to check Bank of America (which is a train wreck) and see how their bar graphs look, then compare them to your bar graphs.

That's what I did with my mine and my bank looked pretty good.

[RoyGBiv]

10. Bottom of the page ...

Note: The Federal Deposit Insurance Corp. insures deposit accounts up to $250,000. The "troubled asset ratio" is not an FDIC statistic. It is derived by adding the amounts of loans past due 90 days or more, loans in non-accrual status and other real estate owned (primarily properties obtained through foreclosure) and dividing that amount by the bank's capital and loan loss reserves. It is reported as a percentage. For example, a bank with $100,000 in "troubled assets" and $1,000,000 in capital would have a "troubled asset ratio" of 10 percent. For a fuller explanation, see our methodology.

[upi402]

6. Thanks

Bookmarked. I have some in a credit union too and they are struggling to stay solvent and have to tap their insurance, to the tune of 30% chip-in. Nothing in the media that I've seen about credit union insolvency.

[EVDebs]

9. Derivatives suck.

The G20 meeting is scheduled for April 2, 2009 official website is http://www.londonsummit.gov.uk/en

The world leaders need to do a 'jubillee' (writeoff) on derivatives which the Bank of Int'nl Settlements says are at the $1.14 Quadrillion USD mark. The world's annual GDP is $71 trillion, there's no way to pay these derivatives off ! See Steve Pizzo's excellent article Follow The Numbers for the BIS link

http://www.opednews.com/articles/Follow-The-Numbers-by-Stephen-Pizzo-090302-530.html

""This teetering derivative market can't be bailed out. There simply isn't enough money. But our rulers think that the banks, insurance companies and stock brokerages heavily indebted and riddled with derivatives can be saved. As Ellen Brown pointed out last Thursday, save them and you stop the full exposure of the derivatives market. You avoid the risk of people finding out that their money and investments are being held by institutions willing to invest in financial products that are, at the least, highly speculative and, at the worst, pure vaporware."... from
The Money Party (6): Meltdown Perpetrators Position Themselves http://www.scoop.co.nz/stories/HL0809/S00274

[Sherman A1]

11. Thanks for posting

This is a great site! Much appreciated.

[yy4me]

12. Thanks for posting this. I have checked out bankrate.com and

your discovery is far more helpful. Made me feel better about a choice I just made and another that I will have to do shortly. I have moved my meager savings from a bank where we have done business for 40 years. They are expanding all over the place and it makes me uncomfortable in times like these. My local bank has great numbers compared to the one I had been using.

[Tashca]

13. posted wrong place

[Tashca]

14. That was an eye opener....

My bank doesn't look to hot compared to many of the others in the area......in fact I am a bit shocked right now........

[Mike 03]

15. OMFG, if this tells the truth about our four major banks, it would trigger a

catastrophe.

[Mike 03]

16. I just checked one: Liars. NT