FDIC Problem Bank List up 47% to 252 Banks

Today Sheila Bair, chairwoman of the FDIC, said the "Problem List" of troubled banks currently includes 252 banks with assets of $159B. This is up 47% from the third quarter of 2008 when the list stood at 171 banks.

She said this is one of the most difficult periods in the FDIC's 75 year history of operation.

In 2008 there were 292 bank mergers, 25 bank failures, 5 FDIC "assistance transactions." The 25 bank failures was the largest number since 1993.

There are now a total of 8,305 FDIC insured banks and savings and loans.

The banking industry lost $26.2 Billion in the fourth quarter of 2008. Worst since 1990.

Full year net income was down 84% to $16.1B, also the lowest since 1990.

FDIC reserve for bank failures fell by $16B and now stands at $19B.

The FDIC may ask for a special assessment on the industry banks to recharge their reserves.

The good news was Domestic Deposits Increased by 3.8 Percent

"Public confidence in the banking system and deposit insurance is demonstrated by the increase in domestic deposits during the fourth quarter," FDIC Chairman Sheila Bair said. "Clearly, people see an FDIC-insured account as a safe haven for their money in difficult times."

The FDIC does not name names on this list of "troubled banks" to reduce the odds of a run on those banks.

Best CD Rate Update - 4.39% at Pentagon Federal Credit Union

The top rates for CDs this week are at Pentagon Federal Credit Union (fondly known as PenFed CU) for 5 and 7-year certificates of deposit that currently pay 4.39% APY.

For shorter term, Corus Bank has a 1-year CD with a 2.93% annual percentage rate.

For online savings, GMAC Bank is paying 2.75% on any deposit over $500.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article "Beware of Annuities."

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	2/24/09	1.21%	Vanguard Prime Money Market Fund
Tax Exempt	2/24/09	0.77%	Vanguard Tax Exempt Money Market Fund
Online Savings	2/24/09	2.75%	GMAC Bank & 2.25% @ HSBC Bank
3-Month Treasury	2/24/09	0.30%	US Treasury Rates at a glance
6 Months	2/24/09	2.60%	GMAC Bank
6-Month Treasury	2/24/09	0.50%	US Treasury Rates at a glance
9 Months	2/24/09	2.75%	GMAC Bank
1 Year	2/24/09	2.93%	Corus Bank 2.90% @ GMAC Bank
1 Year Treasury	2/24/09	0.70%	US Treasury Rates at a glance
18 Months	2/24/09	2.90%	Intervest Bank & UmbrellaBank
2 Years	2/24/09	3.00%	UmbrellaBank & 2.95% @ GMAC Bank
2 Year Treasury	2/24/09	0.98%	US Treasury Rates at a glance
3 Years	2/24/09	3.40%	Flagstar Bank
3-Yr Treasury	2/24/09	1.37%	US Treasury Rates at a glance
4 Years	2/24/09	4.15%	PenFed Credit Union
5 Years	2/24/09	4.39%	Pentagon Federal CU
5 Yr Treasury	2/24/09	1.89%	US Treasury Rates at a glance
7 Years	2/24/09	4.39%	Pentagon Federal CU & 3.50% @ Discover Bank
10 Yr Treasury	2/24/09	2.80%	US Treasury Rates at a glance
10 Years	2/24/09	3.50%	Discover Bank
30 Yr Treasury	2/24/09	3.50%	US Treasury Rates at a glance

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets at a Glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

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Navy Federal Credit Union 4.6% CDt

The Navy Federal Credit Union is offering a certificate of deposit (CD) that pays a 4.60% APY if held for 30 months.

==> " Navy Federal CU Money Market Certificates " <== as of 2/23/09

Savings Products	Minimum Deposit	Term	Dividend Rate	APY*	Compounded/ Credited
Special EasyStart Certificate****	$100	1 year	3.92%	4.00%	Daily/Monthly
6-Months	$2,500	6 Months	3.20%	3.25%	Daily/Monthly
6-Months	$10,000	6 Months	3.44%	3.50%	Daily/Monthly
Special 30-Month	$15,000	30 Months	4.50%	4.60%	Daily/Monthly

***Must maintain a minimum daily balance of $2,500 to earn dividends.

To better view the above table, see current rates and terms plus contact information, see:

• Navy Federal Credit Union

For more rates and terms, see our updated our survey of the Very Best CD Rates with FDIC at:

*==> Very Best CD Rates with FDIC <== *

Rabobank Amgen Tour of California Sponsor CD Rates

To celebrate the Tour of California, all Rabobank branches are offering the following special rates on 6-month and 12-month CDs for a limited time:

Term	APY
6 months	2.02%
12 months	3.53%

For contact information and more, see Rabobank CD Rates

Win a bicycle. For a limited time, Stop by a participating branch for a chance to win a Rabobank branded cruiser bike or visit the Rabobank booth at the Tour of California Lifestyle Festival in Sacramento, Santa Cruz, Clovis, Paso Robles, Solvang or Escondido to sign up.

Participating branches: Roseville; Santa Cruz; Salinas Main; Monterey Main, Seaside; Marina; Fresno; Visalia; Paso Robles; Templeton; Atascadero; Solvang; Santa Ynez; Buellton and Santa Barbara (Carrillo Street).

For contact information and more, see Rabobank CD Rates

Agency/GSE Offerings from Fidelity

Fidelity Fixed Income New Issues: Agency/GSE the week of 02/17/2009

Fidelity is pleased to announce this week?s New Issue Agency / GSE offerings:

Name Coupon Maturity Rating ?CP? Price

FHLB 3.25% 02/26/14 Aaa/AAA* No** 100.00
FFCB 4.15% 01/29/18 Aaa/AAA* No** 100.00
FHLB 4.30% 03/04/19 Aaa/AAA* No** 100.00
FHLB 4.60% 03/11/19 Aaa/AAA* No** 100.00
FNMA STEP_ 02/20/24 Aaa/AAA* No** 100.00

FFCB = Federal Farm Credit Bank http://www.farmcredit-ffcb.com/
FNMA = Fannie Mae, The Federal National Mortgage Association http://www.fanniemae.com/
FHLMC = Freddie Mac, Federal Home Loan Mortgage Corporation. http://www.freddiemac.com/

*Moodys/S&P Ratings
** ?CP?: Call Protected "Yes" means the bond is not callable. Call Protected "No" means the bond is callable.

Please refer to http://www.fidelity.com/newissueagencies on Fidelity.com for more information or to place an order. Phone: (800) 544-5372.

Quantities of new issues are limited and orders will be filled on a first come first serve basis. Prices may fluctuate due to market conditions. See Fidelity web site for risk information.

• US Treasury Rates at a Glance

• LIBOR Rates at a Glance

Failed Bank List Update

List of Banks that have failed since October 1, 2000 according to the FDIC web site.

Bank Name	Closing Date	Updated Date
County Bank, Merced, CA	Feb. 6, 2009	Feb. 6, 2009
Alliance Bank, Culver City, CA	Feb. 6, 2009	Feb. 6, 2009
FirstBank Financial Services, McDonough, GA	Feb. 6, 2009	Feb. 6, 2009
Ocala National Bank, Ocala, FL	Jan 30, 2009	Jan 30, 2009
Suburban Federal Savings Bank, Crofton, MD	Jan 30, 2009	Jan 30, 2009
MagnetBank, Salt Lake City, UT	Jan 30, 2009	Jan 30, 2009
1st Centennial Bank, Redlands, CA	Jan 23, 2009	Jan 23, 2009
Bank of Clark County, Vancouver, WA	Jan 16, 2009	Feb. 5, 2009
National Bank of Commerce, Berkeley, IL	Jan 16, 2009	Feb. 5, 2009
Sanderson State Bank, Sanderson, TX En Español	Dec 12, 2008	Feb. 5, 2009
Haven Trust Bank, Duluth, GA	Dec 12, 2008	Feb. 5, 2009
First Georgia Community Bank, Jackson, GA	Dec 5, 2008	Feb. 2, 2009
PFF Bank and Trust, Pomona, CA	Nov 21, 2008	Feb. 2, 2009
Downey Savings and Loan, Newport Beach, CA	Nov 21, 2008	Feb. 2, 2009
The Community Bank, Loganville, GA	Nov 21, 2008	Feb. 5, 2009
Security Pacific Bank, Los Angeles, CA	Nov 7, 2008	Feb. 2, 2009
Franklin Bank, SSB, Houston, TX	Nov 7, 2008	Feb. 2, 2009
Freedom Bank, Bradenton, FL	Oct 31, 2008	Feb. 2, 2009
Alpha Bank & Trust, Alpharetta, GA	Oct 24, 2008	Feb. 2, 2009
Meridian Bank, Eldred, IL	Oct 10, 2008	Feb. 10, 2009
Main Street Bank, Northville, MI	Oct 10, 2008	Feb. 10, 2009
Washington Mutual Bank, Henderson, NV and Washington Mutual Bank FSB, Park City, UT	Sept 25, 2008	Feb. 2, 2009
Ameribank, Northfork, WV	Sept 19, 2008	Feb. 5, 2009
Silver State Bank, Henderson, NV En Español	Sept 5, 2008	Feb. 5, 2009
Integrity Bank, Alpharetta, GA	Aug 29, 2008	Feb. 5, 2009
The Columbian Bank and Trust, Topeka, KS	Aug 22, 2008	Feb. 2, 2009
First Priority Bank, Bradenton, FL	Aug 1, 2008	Feb. 5, 2009
First Heritage Bank, NA, Newport Beach, CA	July 25, 2008	Feb. 5, 2009
First National Bank of Nevada, Reno, NV	July 25, 2008	Feb. 5, 2009
IndyMac Bank, Pasadena, CA	July 11, 2008	Feb. 5, 2009
First Integrity Bank, NA, Staples, MN	May 30, 2008	Feb. 2, 2009
ANB Financial, NA, Bentonville, AR	May 9, 2008	Feb. 5, 2009
Hume Bank, Hume, MO	Mar 7, 2008	Feb. 5, 2009
Douglass National Bank, Kansas City, MO	Jan 25, 2008	Feb. 5, 2009
Miami Valley Bank, Lakeview, OH	Oct 4, 2007	Feb. 2, 2009
NetBank, Alpharetta, GA	Sept 28, 2007	Feb. 2, 2009
Metropolitan Savings Bank, Pittsburgh, PA	Feb. 2, 2007	Feb. 2, 2009
Bank of Ephraim, Ephraim, UT	June 25, 2004	April 9, 2008
Reliance Bank, White Plains, NY	Mar 19, 2004	April 9, 2008
Guaranty National Bank of Tallahassee, Tallahassee, FL	Mar 12, 2004	Feb. 2, 2009
Dollar Savings Bank, Newark, NJ	Feb. 14, 2004	April 9, 2008
Pulaski Savings Bank, Philadelphia, PA	Nov 14, 2003	July 22, 2005
The First National Bank of Blanchardville, Blanchardville, WI	May 9, 2003	Feb. 2, 2009
Southern Pacific Bank, Torrance, CA	Feb. 7, 2003	Oct 20, 2008
The Farmers Bank of Cheneyville, Cheneyville, LA	Dec 17, 2002	Oct 20, 2004
The Bank of Alamo, Alamo, TN	Nov 8, 2002	Mar 18, 2005
AmTrade International Bank of Georgia, Atlanta, GA En Español	Sept 30, 2002	Sept 11, 2006
Universal Federal Savings Bank, Chicago, IL	June 27, 2002	April 9, 2008
Connecticut Bank of Commerce, Stamford, CT	June 26, 2002	Feb. 2, 2009
New Century Bank, Shelby Township, MI	Mar 28, 2002	Mar 18, 2005
Net 1st National Bank, Boca Raton, FL	Mar 1, 2002	April 9, 2008
NextBank, N.A., Phoenix, AZ	Feb. 7, 2002	Feb. 2, 2009
Oakwood Deposit Bank Company, Oakwood, OH	Feb. 1, 2002	Feb. 2, 2009
Bank of Sierra Blanca, Sierra Blanca, TX	Jan 18, 2002	Nov 6, 2003
Hamilton Bank, N.A., Miami, FL En Español	Jan 11, 2002	Feb. 2, 2009
Sinclair National Bank, Gravette, AR	Sept 7, 2001	Feb. 10, 2004
Superior Bank, FSB, Hinsdale, IL	July 27, 2001	Feb. 2, 2009
The Malta National Bank, Malta, OH	May 3, 2001	Nov 18, 2002
First Alliance Bank & Trust Company, Manchester, NH	Feb. 2, 2001	Feb. 18, 2003
National State Bank of Metropolis, Metropolis, IL	Decr 14, 2000	Mar 17, 2005
Bank of Honolulu, Honolulu, HI	Oct 13, 2000	Mar 17, 2005

Failed Bank List

Secret Word for Southwest Airlines Chinese New Year Contest

Enter the secret phrase or word (the answer is below in Bold) for Southwest Airlines Chinese New Year Contest and you can win 4 roundtrip tickets to any Southwest Airlines destination! Watch the parade, Saturday, February 7th, 2009 at 6pm on KTVU Channel 2 and look for the "Secret Word."

The Contest Rules state:

KTVU's broadcast of the "Chinese New Year Parade" will air on KTVU between 6:00-8:00 p.m. PST on February 7, 2009, at which time the Contest will begin ("Start Date"). The Parade will be rebroadcast on KICU between 8:00-10:00 p.m. on February 7, 2009 and again between 3:00-5:00 p.m. on February 8, 2009. Sometime during KTVU's broadcast and KICU's rebroadcasts of the "Southwest Airlines Chinese New Year Parade" a secret word ("Secret Word") will be revealed, and viewers will be invited to visit KTVU's website at www.ktvu.com to enter the Contest.

To be eligible for the Contest, Entries must be received no later than 11:59 p.m. P.S.T. on February 8, 2009 ("Entry Deadline").

Watch Win and Let LUV take you places! Secret Word Choices

LUV

Air

No Hidden Fees

Low Fares

The secret phrase is the one in BOLD red from these choices: LUV, Air, "No Hidden Fees" and "Low Fares."

Use this page to register to win 4 roundtrip tickets to any Southwest Airlines destination!

Best CD Rate Update - 4.39% APY at PenFed CU

The top rates for CDs this week are at Pentagon Federal Credit Union (fondly known as PenFed CU) for 5 and 7-year certificates of deposit that currently pay 4.39% APY.

For shorter term, Flagstar Bank, has a 1-year CD with a 3.25% annual percentage rate.

For online savings, GMAC Bank is paying 3.00% on any deposit over $500.

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities

The table below shows the best CD rates for other terms. If that table is hard to read, then try Very Best CD Rates.

"Highest CD Rate Survey + Current US Treasury Rates"

Term	Date	Highest Rate (APY)	Where? (Click link for Full Rate Sheets)
Daily Savings	2/4/09	1.53%	Vanguard Prime Money Market Fund
Tax Exempt	2/4/09	0.74%	Vanguard Tax Exempt Money Market Fund
Online Savings	2/4/09	3.00%	GMAC Bank & 2.45% @ HSBC Bank
3-Month Treasury	2/4/09	0.29%	US Treasury Rates at a glance
6 Months	2/4/09	2.86%	Flagstar Bank
6-Month Treasury	2/4/09	0.41%	US Treasury Rates at a glance
9 Months	2/4/09	2.76%	Nexity Bank (Birmingham, AL)
1 Year	2/4/09	3.25%	Flagstar Bank
1 Year Treasury	2/4/09	0.50%	US Treasury Rates at a glance
18 Months	2/4/09	3.00%	GMAC Bank
2 Years	2/4/09	3.25%	iGObanking.com
2 Year Treasury	2/4/09	0.97%	US Treasury Rates at a glance
3 Years	2/4/09	3.40%	Flagstar Bank
3-Yr Treasury	2/4/09	1.41%	US Treasury Rates at a glance
4 Years	2/4/09	4.15%	PenFed Credit Union
5 Years	2/4/09	4.39%	Pentagon Federal CU
5 Yr Treasury	2/4/09	1.93%	US Treasury Rates at a glance
7 Years	2/4/09	4.39%	Pentagon Federal CU & 4.00% @ Discover Bank
10 Yr Treasury	2/4/09	2.93%	US Treasury Rates at a glance
10 Years	2/4/09	4.00%	Discover Bank
30 Yr Treasury	2/4/09	3.69%	US Treasury Rates at a glance

• Easy to Read Best CD Rate Survey
  
  
• US Treasury Rates at a Glance
  
  
• World Stock Markets at a Glance

With rates so low, banks will try to sell you their annuity products. Make sure you read our article: Beware of Annuities