Chart 3
The wave of bank and thrift failures during the 1980s and early 1990s dwarfs all other episodes of financial institution distress since the 1930s.
Year Annual Number of Bank and Thrift Failures

Includes all FSLIC- and FDIC-insured institutions
 
1960 2 Recession Shading
1961 6  
1962 2  
1963 3  
1964 8  
1965 6  
1966 8  
1967 5  
1968 4  
1969 10  
1970 7 Recession Shading
1971 7  
1972 2  
1973 6  
1974 4 Recession Shading
1975 13 Recession Shading
1976 17  
1977 6  
1978 7  
1979 10  
1980 22 Recession Shading
1981 40  
1982 119 Recession Shading
1983 99  
1984 106  
1985 180  
1986 204  
1987 263  
1988 470  
1989 534  
1990 382 Recession Shading
1991 271  
1992 181  
1993 50  
1994 15  
1995 8  
1996 6  
1997 1  
1998 3  
1999 8  
2000 7  
2001 4 Recession Shading
2002 11  
2003 3  
2004 4  
Source: FDIC