Bank Failures Push the Year's Tally to 110

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WASHINGTON -- The shutdowns of five banks at the end of last week brought the total for the year to 110, with $38.1 billion in assets, the Federal Deposit Insurance Corp. said.

The figures are in line with the FDIC's latest projections for insured commercial bank failures in 1992 - 100 to 125 institutions with $40 billion in aggregate assets. Those estimates were reduced from a previously anticipated 200 to 239 failure of institutions with $86 billion to $116 billion in assets.

$1.4 Billion in Assets

After dealing with more than 200 failures each year from 1987 through 1989, the FDIC saw 159 bank closings in 1990 and 108 last year.

The most …