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FDIC Banking Review
Figure 3
Expected Default Trends as a Broad Measure of Risk in U.S. Commercial Banks |
| Date |
Median 1-year EDF (percent) |
| Dec-96 |
0.15 |
| Mar-97 |
0.14 |
| Jun-97 |
0.12 |
| Sep-97 |
0.11 |
| Dec-97 |
0.10 |
| Mar-98 |
0.11 |
| Jun-98 |
0.14 |
| Sep-98 |
0.30 |
| Dec-98 |
0.34 |
| Mar-99 |
0.38 |
| Jun-99 |
0.44 |
| Sep-99 |
0.49 |
| Dec-99 |
0.50 |
| Mar-00 |
0.75 |
| Jun-00 |
0.95 |
| Sep-00 |
0.77 |
| Dec-00 |
0.82 |
| Mar-01 |
0.55 |
| Jun-01 |
0.53 |
| Sep-01 |
0.38 |
| Dec-01 |
0.44 |
| Mar-02 |
0.34 |
| Jun-02 |
0.25 |
| Sep-02 |
0.27 |
| Dec-02 |
0.29 |
| Mar-03 |
0.27 |
| Jun-03 |
0.21 |
| Sep-03 |
0.17 |
| Dec-03 |
0.15 |
| Source: Moody's KMV |
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