FDIC Consumer Deposit Reserve in Red and Falling Loan Balances

DSNews.com reported the FDIC has announed the reserve it keeps for consumer deposits has gone negative to the tune of $8.2 billion. This is just the second time the reserve has dropped below zero. The article also highlights the latest FDIC report that shows the largest cut in bank lending since 1984 when the information began being tracked. That report is available here.