Increasing Number of Banks on Unofficial Problem Bank List

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Written By H. Pike Oliver

The graph that appears below shows the increase since August 2009 in the number of banks on an unofficial problem bank list provided courtesy of Bill McBride's Calculated RISK blog.  McBride credits a blogger by the name of "surferdude808" for creating a proxy for the Federal Deposit Insurance Corporation (FDIC) which is only published quarterly.   CAMELS is an acronym for the  FDIC rating system that is based on --Capital adequacy, Asset quality, Management, Earnings, Liquidity and Sensitivity to market risk.  According to McBride, surferdude808 creates his list of potential problem banks based on publicly announced formal enforcement actions, and also media reports and company announcements that suggest an enforcement action is likely

This unofficial list of potential problem banks has grown by forty percent between August 2009 and November 2009.  This unofficial count is close, but slightly lower than the official FDIC list.  McBride thinks the difference may have to do with data timing issues.  In any event, the trend line is moving in the wrong direction.  As of October 20, 2009, the FDIC insured deposits mat 8,195 financial institutions.

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H. Pike Oliver

H. Pike Oliver focuses on master-planned communities. He is co-author of Transforming the Irvine Ranch: Joan Irvine, William Pereira, Ray Watson, and THE BIG PLAN, published by Routledge in 2022.

Early in his career, Pike worked for public agencies, including the California Governor's Office of Planning and Research, where he was a principal contributor to An Urban Strategy for California. For the next three decades, he was involved in master-planned development on the Irvine Ranch in Southern California, as well as other properties in western North America and abroad.

Beginning in 2009, Pike taught real estate development at Cornell University and directed the undergraduate program in Urban and Regional Studies. He relocated to Seattle in 2013 and, from 2016 to 2020, served as a lecturer in the Runstad Department of Real Estate at the University of Washington, where he also served as its chair.

Pike graduated from San Francisco State University's urban studies and planning program and received a master's degree in urban planning from UCLA. He is a member of the American Planning Association and the Urban Land Institute and a founder and emeritus member of the California Planning Roundtable.

https://urbanexus.com
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