So far this year, 14 banks have failed, draining another $1.7 billion from the insurance fund.”
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Which, is to say it is not currently at 18.9, it is now at 17.2!
If I have done my math correctly the loss is about $2 trillion per month, averaged out over the past 14 months. But that number is not necessarily an accurate representation, as the losses didn't really begin to drain the FDIC funds until about August IIRC.
So...
Averaged over the entire 14 months...$2T/ month drain
Averaged since August ‘08...$5T/ month...that gives the FDIC funds about 3 months, provided that new funds are added and no panic sets in.
And, today is FederalReserveFriday...
oops...my numbers should have been in “billions”, not trillions.
sorry