The United States has a amount of the banks. As, strangely stupid numbers of them. And if you’re reading this you probably haven’t missed that some of them have gone through a hard time.
Bank failures this year look suspiciously Californian, so I thought it would be worth taking a look at whether US banks more generally are Californian.
It is not. But along the way, we had so much fun creating visualizations of geospatial data that it seemed a shame not to share them.
THE interactive map below shows the location of each FDIC-insured bank, except Federated Bank of *checks notes* Micronesia, sized by Dec 2022. As you can see, quite East Coast heavy.
The bank failures since 2000 have been beautiful geographically dispersedalbeit perhaps a bit East Coast-lite:
This ending dataviz animates bank failures in the style of Matthew Broderick’s great 80s nuclear hacking film War Games. I think you’ll agree it’s pretty cool, if you’re into that sort of thing.
The suddenness and scale of the failures of Silicon Valley Bank, Signature and First Republic pop up here. It will be interesting to see if that fades now or continues to get worse.
Across the pond, the mere idea that a bank might fail can cause panic. But in addition to an unreasonable number of banks, the US has a truly enviable experience in bank resolution.
Without drama, this has turned the banks that closed on Friday into a bank that opens working on a Monday without missing a beat. Literally hundreds of times. Chapeau FDIC staff!
Further reading:
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