2. Despite the regulations that protect banks from failure, some do fail. Go to www5.fdic.gov/hsob/SelectRpt.asp?EntryTyp=30.

Select the tab labelled “Bank Failures. Failures and Assistance Transactions.” How many bank failures occurred in the United States during the most recent complete calendar year? What were the total assets held by the banks that failed? How many U.S.

banks failed in 1937?