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 …