Bank Failures Visualized • Hacker News Board

Re: Bank Failures Visualized

#11

Post by derbOac » Wed, May 03, 2023, 1:27 AM UTC

thehumanmeat wrote: post #2

That needs to go back to the 80s to capture the SnL crisis. It dwarfs 08 in bank failures. It better indicates the conglomeration of the many banks into the few we have today.

Yeah these sorts of figures always frustrate me because the historical context for these things is so much broader, and it seems obvious to me to go back to the 80s, if not earlier.

There's a better figure here I think:

https://www.pewresearch.org/short-reads/2023/04/11/most-u-s-...

Also some nice figures here:

https://www.bankingstrategist.com/history-of-us-bank-failure...

Re: Bank Failures Visualized

#12

Post by DonsDiscountGas » Wed, May 03, 2023, 1:27 AM UTC

5kg wrote: post #4

r should be sqrt(assets). It is.

Or else replaced with a fixed-width rectangle and scale the height by assets. Would fit more easily on a timeline and humans are much better at comparing heights than we are areas.

Re: Bank Failures Visualized

#13

Post by Findeton » Wed, May 03, 2023, 1:27 AM UTC

riskneutral wrote: post #6

This needs to be re-expressed as a % of GDP to be useful. And as already pointed out, the largest of them (Lehman) is missing

And Credit Suisse although it's not on the US.

Re: Bank Failures Visualized

#14

Post by DonsDiscountGas » Wed, May 03, 2023, 1:28 AM UTC

frgtpsswrdlame wrote: post #5

Hm? Where's Lehman?

I think this is just consumer (ie FDIC) insured banks, Lehman was an investment bank.

Re: Bank Failures Visualized

#15

Post by WatchDog » Wed, May 03, 2023, 1:30 AM UTC

Constantly impressed by Mike Bostock's work.

Re: Bank Failures Visualized

#16

Post by csense » Wed, May 03, 2023, 1:34 AM UTC

I feel like it should include earlier time periods (80's? Depression?), and have some adjustment for different times. I'm not enough of an expert to guess whether to use inflation adjusted dollar amounts (using what inflation metrics?), or as a % of GDP, or a % of the banking system..

Re: Bank Failures Visualized

#17

Post by jeffbee » Wed, May 03, 2023, 1:34 AM UTC

5kg wrote: post #4

r should be sqrt(assets). It is.

It is! That's the default radius type for the dot mark on Observable Plot. To play with it, add `type: "linear"` to the dict on line 6.

Re: Bank Failures Visualized

#18

Post by DonsDiscountGas » Wed, May 03, 2023, 1:36 AM UTC

thehumanmeat wrote: post #2

That needs to go back to the 80s to capture the SnL crisis. It dwarfs 08 in bank failures. It better indicates the conglomeration of the many banks into the few we have today.

Going by Wikipedia, in 2021 dollars I count:

1980s S&L crisis: $654 Billion (summed 1984-1992 failures) across 23 banks

2008 crisis: $733 Billion (summed 2008-2011 failures) across 61 banks

2023 so far (it's only May): $556 Billion (Signature + SVB + FRC) across 3 banks.

It looks like 2008-2011 is the "winner", although other commenters have mentioned forced mergers etc. may not be counted.

https://en.wikipedia.org/wiki/List_of_largest_bank_failures_...

Re: Bank Failures Visualized

#19

Post by rr808 » Wed, May 03, 2023, 1:38 AM UTC

Total number of FDIC banks over time is listed here: https://banks.data.fdic.gov/explore/historical?displayFields...

Re: Bank Failures Visualized

#20

Post by yieldcrv » Wed, May 03, 2023, 1:39 AM UTC

themagician wrote: post #10

thehumanmeat wrote: post #2

That needs to go back to the 80s to capture the SnL crisis. It dwarfs 08 in bank failures. It better indicates the conglomeration of the many banks into the few we have today.

I have faith that we can top S&L. We have the technology. We have the talent. There are six banks with over a trillion in assets in the US. I have faith that one of them has been doing some wild book cooking. I'd place a bet on Citibank, followed by Wells Fargo. There's an old saying in Tennessee — I know it's in Texas, probably in Tennessee — that says, fool me once, shame on… shame on you. Fool me… you can't get fo…

If you like absurdity, FTX has recovered 7.3 billion out of the 8.6 billion hole and plans on relaunching the exchange to make the last billions back in fees

Most noteworthy is that this quick 8 month turnaround is partially thanks to the blockchain, and under no new laws being passed