If You Ever Had Any Doubt That Banks Are Having Financial Troubles

[jeffrey]

This is a pretty scary chart...

St. Louis Fed: FRED GRAPH

[rob62521]

Scary isn't half of it! I didn't have this chart when I thought about moving some of our funds to other banks so if one goes under, we wouldn't have major problems. I realize most banks are FDIC insured, but if a bank closes, I understand it can be days to weeks until it opens up again. Not handy if you have bills to pay.